- How Much Money Is Needed To Invest In Rental Property?
- Should A Real Estate Investor Get An Agent’s License?
- 5 Big Factors That Affect The Costs Of Renovating Your Home
- SIBOR Hike – What You Can Do With Your Current Loan
- 6 Basic Don’ts Of Real Estate Negotiation Tactics
- Will New Condo Relaunches Trigger The Great Property Sale We Have All Been Waiting For?
- 10 Proximity Amenities That Add Value To Real Estate
- How To Get Personal Loans More Easily With Good Credit
Formula – Sinking Fund Payment
SFP = 1/[[(1+r)n-1]/r]
Where SFP = Sinking fund payment
n = number of periods
A sinking fund refers to the series of payments that has to be made in order to reach a specified amount of money.
This equation for calculation works out the mortgage payment amounts required in the future.
For example, if you need to attain an accumulation of $10,000 in 5 years, how much do you need to save each month, taking into account compounded interest?