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With that, you may estimate just how much you would have to spend this page now (existing benefit) to ensure that your account for being value a specified amount at some time Later on (upcoming benefit) with a presented fascination price. The second equation can easily be solved for m, after which you'll be able to estimate, such as, the size of the monthly payment you would wish to produce as a way to have a specific sum of money at some time Sooner or later. When solved check this for m, the next equation is known as the sinking fund method.
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