For the sinking fund, use Table $12-1$ to calculate the amount $($in $$)$ of the periodic payments needed to amount to the financial objective $($future value of the annuity$).($Round your answer to the nearest cent.$)$

Sinking Fund

Payment Payment

Frequency Time Period

$($years$)$ Nominal

Rate $(\%)$ Interest

Compounded Future Value

$($Objective$)$

$

every year $147$ annually $$650,000$