Periodic Deposit for Sinking Fund

COMPUTE PERIODIC DEPOSIT FOR SINKING FUNDSCENARIO:
  • You are planning to put up a sinking fund to get a certain amount after several periods within several years.
  • With the prevailing interest rate, how much do you need to deposit at the start of each period so that you will get the desired amount at the end of the final year?
Select your desired monetary unit.
The amount you wish to attain at the end of the final year. (i.e. 100,000)
The rate by which the deposits will be compounded. (i.e. 7%)
The number of times the deposits will be compounded within a year. (i.e. 1)
The number of years the deposits will be made. (i.e. 5)