0
It Depends. Some banks compound the interest on term deposits while some do not. The best place to find that out is in the application/opening form for the term deposit that you fill in when you open your term deposit. You can even ask the customer care representative who is helping you open the term deposit about the compounding.
Add your answer:
Earn +20 pts
Which equation could you use tofind the nth term of a compound-interest sequence?
S=P(1+r)^n
When can you use a compound interest in math?
you can use a compound sentence when i say so (by joe)
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
Which equation could you use to find the nth term of a simple interest sequence?
345
Is seventeen a compound word?
No. The number 17 pre-dates the use of "teen" as a separate term.
Which of the following equations could you use to find the nth term of a compound interest sequence?
The following is the answer.
How can you use compound interest in a sentence?
This new type of bank account has compound interest.
Is there a difference between time deposits and term deposits?
Tim deposits is usually a term they use in Europe and the US. <a href="http://en.wikipedia.org/wiki/Term_deposit">Time Deposit article from Wikipedia</a> Term deposits is what they call them in Australia and New Zealand. <a href="http://mozo.com.au/term-deposits">Term Deposits</a> in Australia.
Which equation could you use tofind the nth term of a compound-interest sequence?
S=P(1+r)^n
When can you use a compound interest in math?
you can use a compound sentence when i say so (by joe)
Calculate yearly interest on investments with deposits in Excel?
To calculate yearly interest on investments with deposits in Excel, use the Compound Interest Formula: =P * (1 + r/n)^(n*t) Where: P is the principal amount (initial investment), r is the annual interest rate (as a decimal), n is the number of times interest is compounded per year, t is the number of years. If the investment has regular deposits, you can also use the Future Value of a Series formula: =FV(rate, nper, pmt, [pv], [type]) Where: rate is the interest rate per period, nper is the number of periods, pmt is the payment (deposit) made each period.
Various strategies for promoting fixed deposits in Banks?
1. Increasing deposit rate of interest 2. Creating awareness among the public on the safety and use of fixed deposits 3. advertisements about the rate of interest and other schemes
Where can one find a compound interest calculator?
You can find compound interest calculators online on financial websites, as well as on banking or investment platforms. Additionally, many mobile apps are available that offer compound interest calculators for easy and convenient use on smartphones or tablets.
What is the amount of money paid or earned for the use of money?
Interest is earned or paid for the use of money
Which term is defined as a fee charged for the use of money?
interest
How can I calculate the duration of bond with interest income tax?
Coupon Rate:10.50% Yearly Coupon Payment(times):12 Term to Maturity(years):3 Tax rate for interest income:10% Current total value of the bond:65025 What should I do now ? Should ı use compound interest ?
Why are banks willing to pay interest on their consumers' deposits?
Banks are the financial intermediaries of the economy. Without them there will be no financial prosperity. Banks accept deposits from people who have surplus and lend out loans to people who need the money. They offer other services like bank accounts, credit cards etc. They are willing to pay interest on the consumers deposits because - they use those deposits to grant loans to other customers. The loan customers pay the bank a higher interest on the loan amount. Usually the rate of interest at which banks offer loans is significantly higher than the rate of interest they give to bank deposit accounts
