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Sinking Fund Calculator - Payment Required to Reach Specified Value

Use this calculator to determine the payment required to accumulate a specified amount by the end of a given period of time at a given interest rate.

Form Input

Enter the total accumulated, interest rate and payment period.

On the calculator form, enter only numbers (with or without decimal points).

Do not enter currency symbols like dollar signs, commas or percent signs.


Sinking Fund Calculator - Payment Required to Reach Specified Amount
Total Accumulated:
$
Interest Rate:
       %
Payment Period:
  
Required Payment
  
   



Computational Notes:

The annual payment is computed using the following formula:

      Payment = Total Accumulated * (Interest Rate / 100) / ((1 + Interest Rate / 100)** Payment Period) - 1)


Adjust the discount rate to reflect the interval between payments (annual, month, etc.).

Each payment is made at the end of a payment period.

The discount rate is the same for all payment periods.


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