CraneCorporation having recently issued a $26.0million,10-year bond issue, is required to make annual year end sinking fund deposits of $1,872,000. The deposits are made on the last day of each year and yield a return of6%.(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)

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1.Compute the fund balance at the end of the10years.

2.Compute the additional annual deposit amount that should have been made at the end of each of the10years to accumulate the $26.0million.