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Case 1: Assuming the bank pays a bonus (ex. 200$) after an year you deposited the initial investment (ex. 15000$), the return after, say 2 years for a 4.35% APY compounded daily, is calculated as below...
Case 2: How should we handle the bonus received at the beginning of the month, instead of the beginning of a year presented in Case 1? How should the times changed to accommodate months? |
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In tmval documentation, compound interest section, the method to calculate final value (say after 2 years) for an initial investment is shown. I was wondering how should we use the existing classes/methods to also account for bonus, that a bank might give after a certain period (say 2 months) after the the initial investment is deposited? In general, how do we account for intermittent deposits/withdrawals and calculate the final payout?
Thanks for the help!
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