Question: Exercise : Abdullah needs Dh45 000 in five years time. He will make quarterly payments To years at the end of every three months to

Exercise : Abdullah needs Dh45 000 in five years time. He will make quarterly payments To years at the end of every three months to get to this total. If interest is 7.25% compound find the size of the quarterly payments. will make quarterly payments for the next two interest is 7.25% compounded quarterly a) Find the size of the semi-annual deposit into the fund. b) Find the total amount deposited into the fund c) Find how much of the fund will be interest. d) Manually, construct a sinking fund schedule. e) USING EXCEL, construct a sinking fund schedule

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