like i wanted to invest 100000 and i was told that i would get 16412 amount on maturity after 590 days.......how did this 16412 come up?
2007-02-26 19:34:57 · 3 answers · asked by exploremyworld 5 in Business & Finance ➔ Other - Business & Finance
there is a smart fixed deposit calculator try this out
http://www.india4u.com/business/fd_Calc.asp
to know more about fixed deposit just click the below link
http://www.uobgroup.com/fdplus/fdbestof2/fdbestof2_aud.html
Key Features
• 4-year tenure
• Total guaranteed interest of 13.5% for entire tenure1
• Capture best performance of S&P500 (''S&P'') and DJ Global Titans 50 Index (''DJGT'') in each quarter over the tenure (with a zero floor) to calculate maturity bonus interest1
• Protection against negative index performance3
• Participation Rate5 ranges from 40% to 50%
• 100% principal guarantee2 by UOB if you hold your deposit to maturity
• No cap on potential bonus
• No sales and management fees
2007-02-26 19:56:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Calculate Maturity Amount
2016-12-12 12:18:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
they have calculated at 8% rate of interest, for the first year what we had earned as interest in the second year there they give interest for this interest amount
S.I= Principal*8/100
2007-02-26 20:02:16 · answer #3 · answered by Anonymous · 0⤊ 0⤋