A medical center needs $822,000 in 5 years for a new lab and equipment. (a) Find...

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A medical center needs $822,000 in 5 years for a new lab and equipment. (a) Find the amount of each payment if payments are made into a sinking fund at the end of each semiannual period with interest at 3% per year compounded semiannually. (b) Find the total amount of interest earned. Click here to view page 1 of the sinking fund table. Click here to view page 2 of the sinking fund table. A medical center needs $822,000 in 5 years for a new lab and equipment. (a) Find the amount of each payment if payments are made into a sinking fund at the end of each semiannual period with interest at 3% per year compounded semiannually. (b) Find the total amount of interest earned. Click here to view page 1 of the sinking fund table. Click here to view page 2 of the sinking fund table.