A debt of TZS $5,000,000$ bearing interest at $5\%$ compounded semi$-$annually is to be

discharged by the sinking fund. If $8$ equal semi$-$annual deposits, the first due in $6$ months,

are made into a fund which pays $3\%$ compounded semi$-$annually, find:

a$.$

b$.$

c$.$

d$.$

e$.$

The size of each deposit

The semi$-$annual cost of the debt

Prepare sinking fund schedule of the problem

The amount in the fund just after the $5$th deposit, and

How much of the fund$$s increase at the time of the $6$th deposit is due to interest.