# Recurring-Deposit Quarterly Compounding Calculator

# Calculate Maturity Amount of Recurring-Deposits(RD) Calculator

An online recurring deposit value calculation.

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Build up your savings thru regular monthly deposits of fixed sum over a fixed period of time.

## Recurring Deposit Calculator Formula

A = ( S * (1+r) * [(1+r)^{n}- 1 ] ) / r

Where,

A = Maturity value

S = Quarterly installment

r = Rate of Interest (i) / 400

n = Number of Quarters

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