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Recurring Deposits Maturity Value Calculator

Monthly Installment(R) :
Rate of Interest(i) :
Number of Quarters(n) :



Maturity value (M) :

 
   
  
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Formula Used:

M = ( R * [(1+r)n - 1 ] ) / (1-(1+r)-1/3)

Where,
M = Maturity value
R = Monthly Installment
r = Rate of Interest (i) / 400
n = Number of Quarters

This tool will help you dynamically to calculate the Recurring Deposits Maturity Value for Quarterly Compounding.