Question: Solve by using sinking fund or amortization formula. A manufactoring company has determined that it will need 6 0 0 , 0 0 0 in

Solve by using sinking fund or amortization formula.
A manufactoring company has determined that it will need 600,000 in 6 years for a new roof on its southeastern regional warehouse. A sinking fund is established for the roof at 3.6% compounded semiannually. What equal payments (in $) are required every 6 months to accumulate the needed funds for the roof? (Round to nearest cent)

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