Solve the problem. $8.900 earns 8% interest compounded annually for 6 annual payments. Find the amount of each payment to be made into a sinking fund so that there will be enough money to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. Samantha borrowed $12,000 to purchase a car at an annual of 5.4%. She is to pay it back in equal monthly payments period. What is her monthly payment