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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

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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 $23,000.00 Payment Interval 6 months Payments Made At: end Term 7 years Interest Rate Conversion Period 6% semi-annually Accumulated Balance After: payment 7 (a) The size of the periodic payment is $ (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 $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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