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Question 2 [5 points) XYZ Co wants to accumulate $100,000 in two years. They anticipate that they can get a sinking-tund at 4.50% compounded quarterly.

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Question 2 [5 points) XYZ Co wants to accumulate $100,000 in two years. They anticipate that they can get a sinking-tund at 4.50% compounded quarterly. They want to make quarterly payments over the two year term. Construct a sinking tund schedule for the fund and calculate the totals of each column. For full marks your answer() should be founded to the nearest cent Payment Payment amount interest earned Principal Principal balance accumulated at number at end (5) or accrued (s) increase (s) end of payment interval (5) 0 0.00 1 12,016.07 0.00 12,016,07 12,016.07 2 12,016.07 135.18 12.151.25 24,167.32 3 12,016.07 271.88 12,287.95 36,455.27 4 12,016.07 410.12 12,426.19 48,881.46 5 0.00 0.00 0.00 0.00 6 0.00 0.00 0.00 0.00 7 0.00 0.00 0.00 0.00 0.00 0.00 8 0.00 0.00 Total 0.00 0.00 0.00

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