A bank in Calgary issued bonds for $500,000 that were redeemable in seven years. It established a sinking fund that was earning 4.2% compounded semi-annually to retire this debt on maturity and made equal deposits at the beginning of every six months into the fund. a. Calculate the size of the payments. A full solution for the payment size should be shown. Submit your solution. $0.00 Round up to the next cent. b. Construct a partial sinking fund schedule showing the details for the first two and last two payments and the totals of the schedule