B. Calculate the sinking fund balance at the end of the payment period 10.C. Calculate the interest earned in payment period 11

Sepia Inc. issued bonds for $400,000 that were redeemable in 7 years. They established a sinking fund that was earning 3.71% compounded semi-annually to pay back the principal of the bonds on maturity. Deposits were being made to the fund at the end of every 6 months a. Calculate the size of the periodic sinking fund deposit. Round your answer up to the next cent SUBMIT