A sinking fund amounting to $21000 is to be created by making payments at the beginning of every for 8 years. Interest earned by the fund is 5.4% compounded Determine the size of the periodic payment and compute the interest earned during the fourth payment interval. Verify your answer by checking the sinking fund schedule.

The size of the payment is $

nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Complete the table, rounding each entry to the nearest cent