Q3 A debt of RM 100,000 bearing interest at 4.5% annually is to be discharged by the sinking fund method. If five equal deposits are made into a fund pays 3% compounded annually, (a) find the annual interest payment, (2 marks) (CLO3:PL06:C3)(CLO3:PLO7:C3) (b) find the size of the annual deposit into the sinking fund, (4 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3) (c) what is the annual cost of this debt? (2 marks) (CLO3:PLO6:C3)(CLO3:PL07:C3) (d) construct the sinking fund schedule. (5 marks) (CLO3:PL06:C4)(CLO3:PL07:C4)