A car dealership wants to build a new showroom costing $2,300,000. It set up a sinking fund with end-of-the month payments in an account earning 12% compounded monthly. Find the amount that should be deposited in this fund each month if the dealership wishes to build the showroom in (a) 2 years and (b) 3 years. Click here to view page 1 of the sinking fund table. Click here to view page 2 of the sinking fund table (a) For a 2-year sinking fund, each periodic payment is approximately $ (Round to the nearest cent as needed.) (b) For a 3-year sinking fund, each periodic payment is approximately $ (Round to the nearest cent as needed.)