Anne Geyer buys some land in Utah. She agrees to pay the seller a lump sum of $63,000 in five years. Until then, she will make monthly simple interest payments to the seller at 8% interest. (Round your answers to the nearest cent.) (a) Find the amount of each interest payment. $ (b) Anne sets up a sinking fund to save the $63,000. Find the size of her semiannual payments if her payments are due at the end of every six-month period and her money earns 83% interest. 8 $ (c) Fill in the table showing the amount in the sinking fund after each deposit. Period Starting Balance Interest Deposit Ending Balance 1 $0 $0 $ $ 2 $ $ $ $ 3 $ $ $ 4 $ $ $ $ 5 $ $ $ $ 6 $ $ $ $ 7 $ $ $ 8 $ $ $ $ $ $ 9 $ $ $ 10 $ $ $ Need Help? Read It Watch It