The calculation of return on deposits and interest payments scheme
(monthly capitalization of interest)
Base terms
Deposit term | : 12 months |
---|---|
Deposit amount | : 20000 monetary items |
Interest rate | : 9 % annual (payment at the end) |
Final values, monetary items
Total payments | : 21800.00 |
---|---|
including % | : 1800.00 |
Schedule of payment of a deposit
Month | The base amount of charges | Monthly interest on deposit | The total monthly amount, taking into account interest |
---|---|---|---|
1 | 20000.00 | 150.00 | 20150.00 |
2 | 20000.00 | 150.00 | 20300.00 |
3 | 20000.00 | 150.00 | 20450.00 |
4 | 20000.00 | 150.00 | 20600.00 |
5 | 20000.00 | 150.00 | 20750.00 |
6 | 20000.00 | 150.00 | 20900.00 |
7 | 20000.00 | 150.00 | 21050.00 |
8 | 20000.00 | 150.00 | 21200.00 |
9 | 20000.00 | 150.00 | 21350.00 |
10 | 20000.00 | 150.00 | 21500.00 |
11 | 20000.00 | 150.00 | 21650.00 |
12 | 20000.00 | 150.00 | 21800.00 |
Total | 1800.00 | 21800.00 |