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Industrial Bank Financial Calculator Formula
The following is the calculation formula of some wealth management products of Industrial Bank:

1, lump sum deposit and withdrawal: principal and interest due = principal ×( 1+ annual interest rate× deposit term ÷365).

2. installment withdrawal: due principal and interest = principal × annual interest rate × (deposit term ÷365)×(n÷ 12)+ principal.

3. Current savings: interest = account balance × annual interest rate ÷365.

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