### Formula

R

periodic payment

S

future value of a sinking fund at time = n

i

interest rate per period

n

total number of periods

R

periodic payment

S

future value of a sinking fund at time = n

i

interest rate per period

n

total number of periods

Sinking Fund is a fund that is set up for a specific purpose at some future date. The periodic payment R required to accumulate a sum of S over n periods with interest charged at the rate of i per period is given by this formula.

S

i

n

R

Precision

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