Agency plans to make monthly deposits to a sinking fund earning 7\% compounded monthly. Round up any part of a cent. a. State Lanaford Insurance Agency's total monthly obligation. $ b. State the balance in the sinking fund just after 31 deposits. $ c. Set up a sinking fund schedule on your own paper. Then, state the following: - The amount of interest earned the second month. \$ - The balance at the beginning of the fourth month. $