A corporation creates a sinking fund in order to have $560,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 6% compounded quarterly? (Round your answers to the nearest cent.) $ How much interest would they earn over the life of the account? $ Determine the value of the fund after 2, 4, and 6 years.

2 years		$
4 years		$
6 years		$

How much interest was earned during the third quarter of the 7th year? $