Jeff Associates borrowed $26,000. The company plans to set up a sinking fund that will repay the loan at the end of 6 years. Assume a 10% interest rate compounded semiannually. What must Jeff pay into the fund each period of time? (Use Table 13.3.) (Do not round intermediate calculations. Round your answer to the nearest cent.)

TABLE 13.3 Period 2% 3% 4% 5% 6% 896 10% 0000 10000 2 0.4951 0.49260.4902 0.4878 0.4854 0.48080.4762 3 0.3268 0.3235 0.3203 0.3172 0.3141 0.3080 0.3021 4 0.24260.2390 0.2355 0.2320 0.2286 0.2219 0.2155 5 0.1922 0.1884 01846 0.1810 .1774 01705 01638 6 0.1535 0.1546 0.1508 0.1470 0.1434 0.1363 0.1296 0.1054 0.1085 0.1047 0.1010 0.09400.0874 9 0.1025 0.0984 0.0945 0.09070.0870 0.0801 0.0736 10 0.0913 0.0872 00833 0.0795 0.0759 00690 0.0627 11 0.08220.07810.0741 0.07040.0668 0.0601 0.0540 12 0.0746 0.0705 0.0666 0.06280.0593 0.0527 0.0468 13 0.0681 0.0640 0.0601 0.0565 0.0530 0.0465 0.0408 0.0357 15 0.0578 0.0538 0.0499 0.04630.0430 0.0368 0.0315 16 0.05370.0496 0.0458 0.04230.0390 0.0330 0.0278 0.0247 0.0219 Sinking fund table based on $1 10000 1.0000 1.0000 1.0000 1.0000 7 0.1345 0.13050.1266 0.1228 01191 0.1121 0.1165 0.1125 14 0.0626 0.0585 0.05470.05100.0476 17 0.0500 0.0467 0.0438 0.0460 0.0427 0.0398 0.0422 0.0387 0.0355 0.0327 0.0354 00324 0.0296 0.0296 0.0390 0.0267 20 0.0412 0.0372 0.0336 0.0302 0.0272 0.0219 00175 0.0113 28 0.02700.0233 0.0200 0.01710.01460.01050.0075 32 0.0226 0.0190 0.0159 0.01330.0110 0.00750.0050 0.00840.0053 0.0033 0.0023 0.0329 0.0290 0.02 56 0.0197 0.0150 36 00192 0.0158 0 40 0.0104 0.0083 0.0129 0.0166 0.0133 0.0105 0.0065 0.0039