[Feature] Add RD Calculator

Rakesh9100 / CalcDiverse

CalcDiverse is a customized collection of calculators for various aspects of mathematics. Individuals with basic web development knowledge can create distinctive calculators and submit pull requests.

https://calcdiverse.netlify.app

Apache License 2.0

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[Feature] Add RD Calculator #1580

Closed AsmitaMishra24 closed 4 weeks ago

AsmitaMishra24 commented 2 months ago

Description

Recurring deposits (RDs) are an investment instrument almost similar to fixed deposits. However, you have to make fixed monthly deposits in RDs, unlike a lump sum amount in FDs. RDs create a habit of regular investment among earning individuals. These also instil discipline when it comes to savings. Recurring deposits are offered by the majority of banks and financial institutions.

RD returns calculation can be quite complicated for an average investor to figure out accurately every time. This is where an RD calculator can prove to be immensely beneficial.

Screenshots

Screenshot 2024-07-08 222758

Checklist

[X] I have checked the existing issues.
[X] I follow Contributing Guidelines of this project.
[X] I am a GSSOC'24 contributor.
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Code of Conduct

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github-actions[bot] commented 2 months ago

Hey @AsmitaMishra24, Welcome to the project CalcDiverse! 🎊 Thanks for opening an issue! 🙌 Please wait for the issue to be assigned. Happy Coding!! ✨

jessicachawla commented 1 month ago

@AsmitaMishra24 how about we merge the two calculators into one and give an option to the user if it is RD or FD?

AsmitaMishra24 commented 1 month ago

@AsmitaMishra24 how about we merge the two calculators into one and give an option to the user if it is RD or FD?

@jessicachawla, I don't think it's a good idea because both have different formulas and managing the UI for two calculators will be a lot of work. The interest rate for RD is quarterly, whereas for FD it is annually.

jessicachawla commented 1 month ago

@Rakesh9100 please let see what you think

Rakesh9100 commented 1 month ago

Adding both calculators separately can be beneficial for users who are specifically looking for one type of calculation without any confusion, @jessicachawla so proceed for this as well @AsmitaMishra24

Rakesh9100 commented 1 month ago

Pls provide your PR @AsmitaMishra24

github-actions[bot] commented 4 weeks ago

Hello @AsmitaMishra24! Your issue #1580 has been closed. Thank you for your contribution!! 🙌