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Q: Yyou have 42180.53 and you plan to deposit and additional 5000 at the end of every future year until your account totals 250000 you expect to earn 12 percent annually on the account how many years wil?
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What is the Difference between saving bank rate and Deposit rate?

deposit rate interest rate paid by the depository institution on the cash on deposit where as saving bank rate is interest paid by the banking institution on saving account holder which is calculated on daily basis and credited to customer account quaterly or semi annually.


You deposit 2000 in a savings account that pays 10 percent interest compounded annually How much will your account be worth in 15 years?

7954/- At the end of 5 years - 2928/- At the end of 10 years - 4715/-


How do you deposit money in an account?

you can deposit at the bank


Why is investec commercial bank a deposit taking intermediary?

It have a variety of deposit account, such as check account, savings and time deposit


Can you open an account in US and have a person from UK deposit money in that account?

Yes. There are no restrictions as to who can deposit cash into an account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…


Can I deposit cash in someone esle's checking account?

Yes. There are no restrictions as to who can deposit cash into a checking account. Anyone can deposit cash into anyone else's account as long as they know the account number of the account into which they want to deposit cash. For ex: I can walk into the bank branch where you hold a checking account and deposit $500 into it if I know the account number. Nobody will ask or question me as to why I am doing so…


What does dda mean in ATM transfer to dda number?

DDA stands for demand deposit account. It is a bank account in which you can deposit and withdraw money. A form of a demand deposit account is a checking account.


What is the difference between a current account and a call deposit account?

You can withdraw cash at your call deposit account at any time if you have a call deposit account. The current account has the sum of the income of the goods and service less the expenditure.


If you deposit 10000 in a bank account that pays 8 percent interest annually how much would be deposited in your account after 5 years?

Principle = 10,000/-Interest Rate = 0.08Tenor = 5 YEARSValue of deposit on maturity = Principle X (1+Interest Rate) ^ Tenor= 10,000 X (1+0.08)^5 = Rs 14,693.28


Do I need a certificate of deposit to deposit money into my account?

You do not need a certificate of deposit (also known as a CD) to deposit money into an account - unless you are attempting to deposit money into a CD account. Most banks only require you to have a regular savings account opened to be able to deposit money into a checking account for free. However, these terms vary by bank depending on which one you are using. Generally speaking, however, you should not have to open a CD to deposit funds into a regular checking account.


When is the interest paid on Business Time Deposit Accounts?

The frequency with which you choose to receive your interest payment depends on the term of your Business Time Deposit Account. For terms of seven through 31 days, interest may be paid only at maturity. For terms of 32 days to one year, interest may be paid monthly, quarterly, semi-annually, annually, or at maturity. For terms greater than one year, interest must be paid at least annually and may be paid monthly, quarterly, or semi-annually.


Can you deposit cash into a friends bank account?

Yes, if you know the account number. You will get a receipt for the deposit, but it will not show you your friend's account balance.