Now, What Exactly Is A “Periodic Deposit Calculator”?
A periodic deposit calculator is a tool that helps you calculate the value of a certain periodic deposit over time.
Periodic Deposit Calculator with steps
This is a very simple tool for Periodic Deposit Calculator. Follow the given process to use this tool.
☛ Step 1: Enter the complete equation/value in the input box i.e. across “Provide Required Input Value:”
☛ Step 2: Click “Enter Solve Button for Final Output”.
☛ Step 3: After that a window will appear with final output.
Formula for periodic deposit
To calculate the periodic deposit, divide the annual deposit by the number of periods in a year.
Formula for the slope of a line
The slope of a line is calculated by dividing the change in y-coordinates by the change in x-coordinates.
m = (y2-y1)/(x2-x1)
Periodic Deposit Definition
Periodic deposit is a mathematical concept used to describe the relationship between two variables that are evenly distributed around a central value. The periodic deposit is the arithmetic mean of the two outermost values in a distribution.
Example of periodic deposit based on Formula
The periodic deposit is given by the formula:
D = P(1 + i)n
where D is the final value of the deposit, P is the initial deposit, i is the periodic interest rate, and n is the number of periods.
For example, if the initial deposit is P = 1000, the periodic interest rate is i = 0.05, and the number of periods is n = 10, then the final value of the deposit is given by D = P(1 + i)n = 1000(1 + 0.05)10 = 1628.89.
