What 5 concepts are covered in the Sinking Funds Calculator?
annuity
A stream of payments
deposit
a sum of money placed or kept in a bank account, usually to gain interest.
interest
payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum, at a particular rate
loan
a thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
sinking fund
a fund formed by periodically setting aside money for the gradual repayment of a debt or replacement of a wasting asset.
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