[10] A homeowners association decided to set up a sinking fund to accumulate $ 10000 by the end of 5 years to improve recreational facilities. The fund earns interest at (12) = 0.5% and the deposits are made monthly (at the end of each month). (a) [5] Compute the regular deposits if it is rounded up to the nearest cent. (b) [5] Construct a partial sinking fund schedule for the 28th month including deposit number, opening balance, interest, deposit and closing balance in case of (a) (using the result in (a)). All the other items are rounded off to 2 decimal places. [10] A homeowners association decided to set up a sinking fund to accumulate $ 10000 by the end of 5 years to improve recreational facilities. The fund earns interest at (12) = 0.5% and the deposits are made monthly (at the end of each month). (a) [5] Compute the regular deposits if it is rounded up to the nearest cent. (b) [5] Construct a partial sinking fund schedule for the 28th month including deposit number, opening balance, interest, deposit and closing balance in case of (a) (using the result in (a)). All the other items are rounded off to 2 decimal places