FD / RD Maturity
Calculate the maturity value of a fixed deposit or a recurring deposit with quarterly compounding, free online.
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A fixed deposit grows as P × (1 + r/4)^(4t) with quarterly compounding. For a recurring deposit the monthly instalment R compounds quarterly: M = R × [(1+i)^n − 1] ÷ [1 − (1+i)^(−1/3)], where i = r/4 and n is the number of quarters.