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RON
%
yrs
RON
The recurring deposit is added each compounding period (monthly, quarterly or yearly).
=Future value
31,998.32RON
Initial amount10,000 RON
Total deposits12,000 RON
Interest earned+9,998.32 RON
Future value31,998.32 RON
Compound interest means interest on interest: earnings are reinvested and grow exponentially over time.
Future value = 31,998.32 RON