Sinking Fund Details
Enter the details to calculate the periodic payment.
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Helpful Tips
- •Save your calculations by bookmarking this page with your inputs in the URL.
- •Try different scenarios to understand how changes affect your results.
- •Share this calculator with friends or family who might find it useful.
- •Use the results as a starting point for conversations with financial advisors.
- •Bookmark this page and revisit quarterly to track your progress toward goals.
When to Use This Calculator
When you need to save a specific amount of money by a future date for a planned expense, like new equipment or a down payment.
sinking fundsavingsgoalfuture valueannuity
Who Benefits Most
- •Business Owners
- •Financial Planners
- •Individuals saving for a large purchase
2 min
BeginnerReal-World Example: Saving for a New Delivery Truck
Scenario
A small business needs to save $50,000 in 5 years to purchase a new delivery truck. They expect to earn an average of 4% annually on their savings.
Outcome
The calculator shows they need to set aside approximately $757 per month to reach their goal, allowing them to budget effectively and avoid taking on new debt.
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