Find the amount accumulated FV in the sinking fund. HINT [See Example 1.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$400 is deposited monthly for 10 years at 2% per year in an account containing $6,000 at the start

FV = $

Find the periodic payments PMT necessary to accumulate the amount given in a sinking fund. HINT [See Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$10,000 in a fund paying 5% per year, with monthly payments for 5 years

PMT = $

Find the periodic payments PMT necessary to accumulate the amount given in a sinking fund. HINT [See Example 2.] (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)

$20,000 in a fund paying 7% per year, with quarterly payments for 20 years

PMT = $