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.

Sinking Fund Calculator
Total Accumulated ($):
Interest Rate (%):
Payment Period:
Required Payment
 

Computational Notes:

The 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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Compound Interest Calculator