Equal deposits are made into a sinking fund at the end of each

3 months

for

9

years. Interest is

8.5%

compounded

quarterly

and the maturity value of the fund is

$23,000.

Find the size of the deposits and construct a sinking fund schedule showing the details of the last three payments.

The size of the payment is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Complete the table, rounding each entry to the nearest cent.

(Do not include the $ symbol in your answers.)

Payment Interval Number	Periodic Payment (End)	Payment Interval Interest i=2.125%	Increase in Fund	Balance at End of Payment Interval
33	-	-	-	nothing

34

nothing

nothing

nothing

nothing

35

nothing

nothing

nothing

nothing

36

nothing

nothing

nothing

nothing