Certificate of Deposit Calculator

Category Financial
Financial Investment
Investment
Selected Formula
Initial Deposit Amount (Input)
Annual Nominal Interest Rate (Input)
Compounding Periods (Input)
Number of Years (Input)
  • Initial Deposit Amount - The amount of money required to open a savings or investment account is called Initial Deposit Amount.
  • Annual Nominal Interest Rate - Annual Nominal Interest Rate is the periodic interest rate multiplied by the number of periods per year.
  • Compounding Periods - Compounding Periods is the number of times compounding will occur during a period.
  • Number of Years - Number of Years is the total period for which certificate of deposit is done.

Financial

  

What is Certificate of Deposit?

We need calculators on a regular basis in order to simplfy the complex process of calculating. Certificate of Deposit calculator provides for the same. We have simplified the entire process of calculating Certificate of Deposit. All you have to do is provide the input values and hit calculate. You will get the answer for Certificate of Deposit without getting into the complex process of actually calculating anything. The definitions and meanings of all variables used in the formula are also provided. If you don’t have the values of all variables and you need to calculate some, even that is possible as we provide you different variants and derived formulae as well.