A corporation creates a sinking fund in order to have $720,000 to replace some machinery in 11 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 3.3% compounded quarterly? (Round your answers to the nearest cent.) $ 13639.80 How much interest would they earn over the life of the account? $ 119857.6 Determine the value of the fund after 2, 4, and 6 years. 2 years $ x 4 years $ X 6 years $27251.13 X How much interest was earned during the fourth quarter of the 6th year? $ 15141.61 X Additional Materials eBook Viewing Saved Work Revert to Last Response Submit Answer Submit Assignment Save Assignment Progress