Blossom Company earns 12% on an investment that pays back $96,000 at the end of each of the next 7 years. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount Blossom Company invested to earn the 12% rate of return? (Round answer to 2 decimal places, e.s. 5,275.25.) Blossom Company invested $ Pharoah Company issued $1,220,000,10-year bonds. It agreed to make annual deposits of $98,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 10 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 10 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $