Hi all

I have this calculation to be done for a Cummulative Fixed Deposit. The thing is that the interest for only a given sub period is to be shown. For eg. the deposit is of 100,000/- @ 8% cummulative interest for a period of 5 years. I have to show what will be the interest say in the second year for the whole of the second year dated 01/04/2004 to 31/03/2005.

Hope I have been able to explain the problem.

Please advise.