Future Value of Sinking Fund

COMPUTE FUTURE VALUE OF SINKING FUNDSCENARIO:
  • You are planning to put up a sinking fund to get a certain amount after several periods within several years.
  • Equal amounts are to be deposited at the start of the each period.
  • Your last deposit will be made at the start of the final period on the final year.
  • With the prevailing interest rate, how much will you get at the end of the final year?
Select your desired monetary unit.
The amount you want to deposit at the start of each period. (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)