what's the formula for calculating maturity value
Answers
Answered by
1
Answer:
The formula for calculation of maturity value is
MV = P * ( 1 + r )n.
Step-by-step explanation:
Where,
MV is the Maturity Value
P is the principal amount
r is the rate of interest applicable
n is the number of compounding
intervals since the time of the date of deposit till maturity
Answered by
1
Answer:
the formula is MV = P×n+p×n(n+1)/2×r/100
Step-by-step explanation:
p is the amount deposited
n is number of months
r is the rate of interest
MV is the maturity value
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