Single deposit
Single deposit is one-time lump sum investment. The Investment is made at the start of the period; grows over the period and matures at the end of the period. Examples of a single deposit are certificates of deposit or Fixed Deposits.
Real World Example
Single Deposit Performance Chart based on Real World Example
Ericka has 5,000.00 USD for her daughter's wedding. She may need the money after 4 years. She is planning to invest the money for the period. Her bank offers her an interest rate of 3.50% per annum compounded annually on a new CD (certificate of deposit) that she opens.
Input
| Amount | Period | Interest Rate | Compounding |
|---|---|---|---|
| 5,000.00 USD | 4 Year | 3.50% | Annually |
Returns
| Interest Accrued | Maturity Amount | Gain |
|---|---|---|
| 737.62 USD | 5,737.62 USD | 14.75% |
References
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