1. A company borrowed $270,000 and set up a sinking fund to retire the debt in six years. It made equal deposits at the beginning of every six months into the fund and the fund was earning 8.35% compounded semi-annually.

a. Calculate the size of the periodic deposits into the fund.

Round up to the next cent

b. Calculate the fund balance at the end of the 4^th payment period.

Round to the nearest cent

c. Calculate the interest earned in the 5^th payment period.

Round to the nearest cent.

d. Calculate the amount by which the sinking fund increased in the 5^th payment period.

Round to the nearest cent.

e. Construct a partial sinking fund schedule to illustrate details of the first two payments.

Payment Period	Payment	Interest Earned	Increase in the Fund	Fund Balance	Book Value
0				$0.00	$270,000.00
1
2

2.

A company sold $150,000 bonds and set up a sinking fund that was earning 7.5% compounded semi-annually to retire the bonds in three years. If it made equal deposits into the fund at the beginning of every six months, calculate the size of the periodic payments deposited.

Round your answer up to the next cent

3.

Sepia Inc. issued bonds for $475,000 that were redeemable in 10 years. They established a sinking fund that was earning 4.75% compounded semi-annually to pay back the principal of the bonds on maturity. Deposits were being made to the fund at the end of every 6 months.

a. Calculate the size of the periodic sinking fund deposit.

Round your answer up to the next cent

b. Calculate the sinking fund balance at the end of the payment period 14.

Round to the nearest cent

c. Calculate the interest earned in payment period 15.

Round to the nearest cent

d. Calculate the amount by which the sinking fund increased in payment period 15.

Round to the nearest cent

Please help ASAP, I'm stuck quite badly and its due soon