8. Solve by using tables Table 12-1 and Table 12-2. Paul and Donna Kelsch are planning a Mediterranean cruise in 3 years and will need $5,500 for the trip. They decide to set up a "sinking fund" savings account for the vacation. They intend to make regular payments at the end of each 3 month period into the account that pays 6% interest compounded quarterly. What periodic sinking fund payment (in $) will allow them to achieve their vacation goal? (Round your answer to the nearest cent.)

10. Use the appropriate formula to find the amortization payment (in $) you would need to make each month, at 12% interest compounded monthly, to pay off a loan of $4,500 in 3 years. (Round your answer to the nearest cent.)