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For the sinking fund, calculate (Round your answer to the nearest dollar): a. The size of the periodic sinking fund payment. PMT $ b. The

For the sinking fund, calculate (Round your answer to the nearest dollar):

a. The size of the periodic sinking fund payment.
PMT $
b.

The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.)

FV $

End-of-term Payment at Calculate
amount of Sinking Payment and beginning balance at
sinking fund Term fund rate compounding or end the end of
($ millions) (years) of return (%) interval of interval? interval
8 10 7.5 1 month End 65

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