How to Calculate Certificate of Deposit?
Certificate of Deposit calculator uses Certificate of Deposit = Initial Deposit Amount*(1+(Annual Nominal Interest Rate/Compounding Periods))^(Compounding Periods*Number of Years) to calculate the Certificate of Deposit, Certificate of Deposit (CD) is a savings certificate with a fixed maturity date, specified fixed interest rate and can be issued in any denomination aside from minimum investment requirements. Certificate of Deposit is denoted by CD symbol.
How to calculate Certificate of Deposit using this online calculator? To use this online calculator for Certificate of Deposit, enter Initial Deposit Amount (P0_{Deposit}), Annual Nominal Interest Rate (r_{Annual}), Compounding Periods (n_{c}) & Number of Years (n_{t}) and hit the calculate button. Here is how the Certificate of Deposit calculation can be explained with given input values -> 5389.118 = 5000*(1+(0.015/10))^(10*5).