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/Sn
Sn = (1 + i)n - 1/i
I = Loan * Effective Interest Rate
P = D + I
Sn = (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?
- annuity
- A stream of payments
- deposit
- a sum of money placed or kept in a bank account, usually to gain interest.
- interest
- payment 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 rate
- loan
- a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
- sinking fund
- a fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.
