Answer part a and b

A $40,000 loan was cleared in 3 years by setting up a sinking fund that was earning 3.25% compounded semi-annually. The deposits were made into the fund at the end of every 6 months. a. Calculate the size of the sinking fund deposits. $0.00 Round up to the next cent b. Calculate the total amount of interest earned by the fund. $0.00 Round to the nearest cent