3. The Hull Company has established a sinking fund to retire a 900,000 mortgage that matures on 31 December 1996. The company plans to put a fixed amount into the fund each year for ten years. The first payment was made on 31 December 1987; the last will be made on 31 December 1996. The company anticipates that the fund will earn 10% a year. What annual contributions must be made to accumulate the 900,000 as of December 1996?

note answer must be excel fail