Close Date: Fri, Apr $19,202411$:$59$ PM

Question $1$ of $1$

Sepia Inc. issued bonds for $$450,000$ that were redeemable in $9$ years. They established a sinking fund that was earning $4\mathrm{.}48\%$ compounded semi$-$annually to pay back the principal of the bonds on maturity. Deposits were being made to the fund at the end of every $6$ months.

a$.$ Calculate the size of the periodic sinking fryind deposit.

$$

Round your answer up to the next cent

b$.$ Calculate the sinking fund balance at the end of the payment period $12.$

$$

Round to the nearest cent

Close Date: Fri, Apr $19,202411$:$59$ PM

Question $1$ of $1$

Round your answer up to the next cent

b$.$ Calculate the sinking fund balance at the end of the payment period $12.$

Round to the nearest cent

c$.$ Calculate the interest earned in payment period $13.$

Round to the nearest cent

d$.$ Calculate the amount by which the sinking fund increased in payment period $13.$

Round to the nearest cent