X Homework 5.3 X Interest Calculator X + ructure.com/courses/61572/assignments/438636 ps Due Sunday by 11:59pm Points 8 Submitting an external tool Homework 5.3 Progres Score: 0/8 2/5 answered . Question 5 A business sets up a sinking fund so they will have a $70,000.00 to pay for a replacement piece of equipment in 7 years when the current equipment will be sold for scrap. If they make deposits at the end of each quarter for 7 years in the investment that pays 7.1% compounded quarterly, what 4 size should each payment be? The quarterly payments are $ (Round to 2 decimal places.) Submit Question Unified) ver LTIR MacBook Air 4 20 Q U G DII DD F10 F2 F3 F4 5 F6 F7 F8 F9Homework 5.3 X Interest Calculator X + com/courses/61572/assignments/438636 Due Sunday by 11:59pm Points 8 Submitting an external tool Homework 5.3 Score: 0/8 2/5 answered .Question 4 A man wants to set up a 529 college savings account for his granddaughter. How much would he need to deposit each year into the account in order to have $80,000 saved up for when she goes to college in 18 years, assuming the account earns a 7% return. Annual deposit: $ Question Help: Video Submit Question MacBook Air