Ontano Credit Umon bonowed

$350,000

at

75%

compounded semi-annually from League Cenitral to build an office complex. The loan agreement requires payment of interest at the end of every 6 months in addition, the credit union is to make equal payments into a sinking fund so that the principal can be rebred in total after 20 years. Interest earned by the fund is

8%

compounded semi-annually\ (a) What is the semi-annual interest payment on the debt?\ (b) What is the size of the semr-annual deposits into the sinking fund?\ (c) What is the total annual cost of the debt?\ (d) What is the inlerest earned by the fund in the 20th payment interval?\ (e) What is the book value of the debt after 18 years?\ (f) Prepare a partial sinking fund schedule showing details, including the book value of the debl, for the first three payments, the last three payments, and the totals.\ (a) The interest payment is 5\ (Round the final answer to the nearest dollar as needed. Round all intermediate values fo six decimal places as needed)

Ontario Credit Unon bonowed $350,000 at 75% compounded semi-annually from League Central to bulld an office complex. The loan agreement requires payment of interest at the end of every 6 months in addition, the credit union is to make equal payments into a sinking fund so that the principal can be refired in total after 20 years. interest earned by the fund is 8% compounded semi-annually (a) What is the semi-annual interest payment on the debt? (b) What is the size of the semi-annual deposits into the sinking fund? (c) What is the total annual cost of the debt? (d) What is the inlerest earned by the fund in the 20th payment interval? (e) What is the book value of the debt after 18 years? (f) Prepare a partial sinking fund schedule showing details, including the book value of the debt, for the first three payments, the last three payments, and the totals: (a) The interest payment is 5 (Round the final answer to the nearest dollar as needed Round all intermediate values fo sx decimal places as needed)