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How does the Sinking Funds Calculator work?
Free Sinking Funds Calculator - Solves for Sinking Fund Deposit or Initial Loan Amount.
This calculator has 5 inputs.
What 4 formulas are used for the Sinking Funds Calculator?
D = Loan/SnSn = (1 + i)n - 1/i
I = Loan * Effective Interest Rate
P = D + I
For more math formulas, check out our Formula Dossier
What 5 concepts are covered in the Sinking Funds Calculator?
annuityA stream of paymentsdeposita sum of money placed or kept in a bank account, usually to gain interest.interestpayment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rateloana thing that is borrowed, especially a sum of money that is expected to be paid back with interest.sinking funda fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.Sinking Funds Calculator Video
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