1. Calculate the maturity value of a recurringdeposit account of:(i) 1

1.	1. Calculate the maturity value of a recurringdeposit account of:(i) 180 per month for 15 years at the rateof 9.50% p.a.(ii) 830 per month for 5 years at the rateof 7.50% p.a.
Answer» Answer: M = Maturity VALUE of the RD. R = MONTHLY RD INSTALLMENT to be paid. n = Number of quarters (tenure) i = RATE of INTEREST / 400.

1. Calculate the maturity value of a recurringdeposit account of:(i) 180 per month for 15 years at the rateof 9.50% p.a.(ii) 830 per month for 5 years at the rateof 7.50% p.a.

Answer»

Answer:

M = Maturity VALUE of the RD.

R = MONTHLY RD INSTALLMENT to be paid.

n = Number of quarters (tenure)

i = RATE of INTEREST / 400.

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1. Calculate the maturity value of a recurringdeposit account of:(i) 180 per month for 15 years at the rateof 9.50% p.a.(ii) 830 per month for 5 years at the rateof 7.50% p.a.​

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1. Calculate the maturity value of a recurringdeposit account of:(i) 180 per month for 15 years at the rateof 9.50% p.a.(ii) 830 per month for 5 years at the rateof 7.50% p.a.