A debt of $1500 bearing at 12% compounded annually is to be discharged by the sinking fund method. If six annual deposits are made into a fund which pays 6% compounded monthly. a. Find the annual interest payment (3 marks) b. Find the size of the annual deposit into the sinking fund. (2 marks) c. What is the annual cost of this debt? ( 2 marks) d. Construct the sinking fund schedule