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*Solve Using BA II Calculator* Skywalker and Company want to build up a fund of $100,000 to replace capital equipment in 15 years. They make

*Solve Using BA II Calculator*

Skywalker and Company want to build up a fund of $100,000 to replace capital equipment in 15 years. They make equal payments into the sinking fund at the beginning of every three months. Interest earned by the fund is 12% compounded quarterly.

Answer as follows:

Answer Box 1: The size of the quarterly payments.

Answer Box 2: The accumulated value in the fund at the end of the 40th payment interval.

Answer Box 3: The interest earned by the fund in the 41st payment interval.

Answer Box 4: The increase in the fund in the 41st interval.

Give all answers rounded to two decimal places. Do not include $ or commas.

My answers which were incorrect below:

Answer for blank # 1: 595.43
Answer for blank # 2: 44896.17
Answer for blank # 3: 1346.89
Answer for blank # 4: 1942.32

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