Sinking Fund(SF) Calculator

This online sf calculator will helps you to know the payment required to accumulate a specified amount by the end of a given period and interest rate.

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The required annual payment is: $30.24

Formula for Sink Fund Calculation :

A sinking fund is simply a strategic way to save money by setting aside a little bit each month.In other words, the amount you will need to contribute to a sink-fund for each given period to reach a savings target.

Where,

A - Money accumulated

P - Periodic contribution

r - Interest rate

t - Number of years

n - Number of payments per year or frequency