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

Solve by using the sinking fund or amortization formula.
A manufacturing company has determined that it will need $600,000 in 7 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 your answer to the nearest cent.)
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 Solve by using the sinking fund or amortization formula. A manufacturing

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