Q2 A debt of RM 5,000,000 bearing interest at 6% annually is to be discharged by the sinking fund method. If five equal deposits are made into a fund pays 4% compounded annually, (i) find the annual interest payment, (2 marks) (CLO3:PL06:C3)(CLO3:PL07:C3) (ii) find the size of the annual deposit into the sinking fund, (4 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3) (iii) what is the annual cost of this debt? (2 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3) (iv) construct the sinking fund schedule. (5 marks) (CLO3:PLO6:C4)(CLO3:PL07:C4)