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- 2016-4-19
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you need 1 $ in Principal and interest in the future at the end of the loan.
you need to save money every month - to accumulate to that 1$ at the end of the loan.
that's what the Sinking Fund is calculating.
If you had the level Payment for the Mortgage -> Level Payment * 12 / Loan Amount will give you the same number as
sinking Fund Factor * 12 (Monthly converted to Annual) + Interest rate on Loan
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