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A corporabion creates a sinking fund in order to have $850,000 to replace some mochinery in 8 years. How much should be placed in this

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A corporabion creates a sinking fund in order to have $850,000 to replace some mochinery in 8 years. How much should be placed in this account at the end at each quarter if the annual interest rate is 3.7% compounded quarterty? (Round your answers to the nearest cent.) 5 How much interest would they earn over the life of the account? Determine the yolue of the fund affer 2, 4, and 6 years. 2 years 5 4 years $ 6 years 1 How much inerest wat camed during the thirst quarter of the sth year

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