For the sinking fund below, compute (a) the size of the periodic payment and (b) the accumulated balance at the time indicated.

Amount of Sinking Fund	Payment Interval	Payments Made At:	Term	Interest Rate	Conversion Period	Accumulated Balance After:
$20,000.00	6 months	end	8 years	6%	semi-annually	payment 7

(a) The size of the periodic payment is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

(b) The accumulated balance is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as neede