Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the interest earned

Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the €œinterest earned€ column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinking fund payments and periodic interest earnings to the nearest dollar.

Transcribed Image Text:

End-of-term amount of sinking fund (S) 675,000 Sinking Payment and Payment at fund rate compounding beginning or Term (years) of return (%) interval end of interval? 1 year End