es; Sinking Funds aly you can open 3.3 Future Value of Annuities; Sinking Funds here + ETA' Read aloud Draw Hig Matched Problem 2: A bond issue is approved for building a marina in a city. The city is required to make regular payments every 3 months into a sinking fund paying 5.4% compounded quarterly. At the end of 10 years, the bond obligation will be retired with a cost of $5,000,000 (A) What should each payment be? (B) How much interest is earned during the 10th year