Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do periodic contributions include an initial deposit of the desired amount?

April 26, 2017contributions deposit Desired initial periodic

0

Posted

Do periodic contributions include an initial deposit of the desired amount?

1 Answer

0

Posted

A. No initial deposit is being considered for periodic contributions. The initial amount is the value entered in the Principal window. All contributions are assumed to be made at the end of each contribution period.