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An engineering company expects to expand its plant facilities in 1 0 years at an estimated cost of $ 5 0 , 0 0 0

An engineering company expects to expand its plant facilities in 10 years at an estimated cost of $50,000. To provide for the expansion, a sinking fund has been established into which equal payments are made at the beginning of every 3 months. Interest is 9% compounded quarterly.
(a) What is the size of the quarterly payment?
(b) How much of the maturity value will be payments?
(c) How much interest will the fund contain?
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