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Can someone please help me with this question? If you can please add in the steps and formulas used it would be greatly appreciated! (will

Can someone please help me with this question? If you can please add in the steps and formulas used it would be greatly appreciated! (will give Like to correct answer) thank you :) image text in transcribed
Sandhill C0, issued $1,080,000,9-year bonds. It agreed to make annual deposits of $86,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 9 years. The deposits are made at the end of each year into an account paying 8% 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 9 years? (Round answer to 2 decimal places, es. 25.75.) Amount in the sinking fund

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