A corporation creates a sinking fund in order to have $570,000 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 4.9% 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 $