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Sinking Fund

THIS WILL CALCULATE: How much to set aside each period if you need so much money in the future?

EXAMPLE: You need to put a new roof on a building in 10 years at an estimated cost of $20,000. How much can I invest every month, so by earning interest at 5% compounded monthly, there will be $20,000 in the bank in 10 years?

See how to calculate this example on a: HP12C  or  HP10B

 

Future Value should be:
Interest rate:
Payment Intervals:
Number of years:

Equal periodic payments:

    


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