3 Directions: Consider the italicized scenario below. Consider a Credit Bureau for new borrowers. Suppose vou want to save up $8,000. Consider the terms for Sinking Funds accouts for new borrowers. a Choose a set of terms from the Sinking Funds Terms table below, Explicitly state the values of r,t m,i, and n that you use. s=8000 i=4.119=0.0419 t 4years m=12 i=rim=0.04m/12 b Calculate your periodic payment, R. R=(1.i)n1si=(1.0.0014325)11(8000)(0.0034325)=0.1787774927.46=153.60 In an effort to really make bank on your investment with these incredible rates, you double your periodic payment. Instead of paying $R each period, you pay 1.5R dollars each period. c Calculate 1.5R. Call this value Z. This will be your new periodic payment. 1.5153.60=230.40 d Using Z (instead of R ) in the Deposit Made Column, complete the entire Sinking Funds Schedule so that your accumulated amount at the very end is exactly $8000. Obviously, not all rows will be use You do not need to show work for most of the table. However, work and/or explanations are requ for the final row of your table. Use the next page for work and/or explanations. This Schedule is the page following that