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A person wants to know if she can accumulate $ 3 , 0 0 0 , 0 0 0 in her lifetime. She feels she

A person wants to know if she can accumulate $3,000,000 in her lifetime. She feels she can earn 10% per year for 50 years if she invests in stocks. Find (a) the amount of each of the annual payme needed and (b) the total 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) Each periodic payment is approximately $
(Round to the nearest cent as needed.)
(b) The total interest earned is approximately $
(Round to the nearest cent as needed.)
\table[[Sinling Fund Table],[Period,1%,112%,2%,212%,Interest Rate per Period,6%,8%,10%

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