This fixed deposit calculator tool helps you estimate the future value of your fixed deposits based on your input variables.
Fixed Deposit Calculator
Use this fixed deposit calculator to estimate the accumulated amount after a certain period of time with a given principal, interest rate, time period, and compounding frequency.
How to use this calculator:
- Enter the principal amount you are investing.
- Enter the annual interest rate in percentage.
- Input the time period in years for which you want to invest.
- Input the number of times the interest is compounded per year.
- Click the “Calculate” button to see the results.
How it calculates the results:
The formula used to calculate the accumulated amount is:
Accumulated Amount = Principal * (1 + (Annual Interest Rate / Compounding Frequency))(Time Period * Compounding Frequency)
Where:
- Principal: The starting amount of money invested.
- Annual Interest Rate: The interest rate per year as a percentage.
- Time Period: The investment period in years.
- Compounding Frequency: The number of times that interest is compounded per year.
Limitations:
This calculator provides an estimate based on the values you input. Actual returns on investment may vary. Factors such as taxes, fees, and changes in interest rates are not considered in this calculation.