Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the interest earned column and by calculating the difference between the

Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the €œinterest earned€ column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinking fund payments and periodic interest earnings to the nearest dollar.

End-of-term amount of sinking fund ($) 1,000,000 Sinking Payment and Payment at fund rate compounding beginning or interval Term (years) of return (%) 6.75 end of interval? 1 year Beginning