B
Sorry for the confusion, I should have taken the last interest calculation (€36.60) off the chart. €12,199 is the balance at the end of 12 months. The €36.60 is the interest that would be earned on the 13th month.I still dont understand where you get the €199+ because when I add all the interest together I get €236.60. am i missing something?
Eh, no.So basically that's a return of (199.99/12000 )x100 = 1.67% profit
Eh, again, no. See my post above.Folks,
I made a mistake in my original question. I meant the regular savings ac @ 7% for a monthly deposit of €1000. Do my figures then stack up?Apologies tho I hope some will have benefitted anyway from the replies
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