Periodic payment or monthly payment in sinking fund (future value,periodic interest rate,number of periods)

Formula

Periodic payment or monthly payment in sinking fund (future value,periodic interest rate,number of periods) formula
R
periodic payment
S
future value of a sinking fund at time = n
i
interest rate per period
n
total number of periods

Formula description

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.

Calculator (how to use calculator?)

Periodic payment or monthly payment in sinking fund (future value,periodic interest rate,number of periods) formula
S
i
n
R
Precision

Formula code

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References

  1. Wikepedia: Sinking fund.
  2. Wikepedia:Annuity (finance theory).
  3. Wikepedia:Future value.

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