6. [-/1 Points] DETAILS BRECMBC9 12.III.002. MY NOTES ASK YOUR TEACHER For the sinking fund, use Table 12-1 to calculate the amount (in $) of the periodic payments needed to amount to the financial objective (future value of the annuity). (Round your answer to the nearest cent.) Sinking Fund Payment $ Payment Frequency Time Period (years) Nominal Interest Future Value Rate (%) Compounded (Objective) every year 14 8 annually $750,000