Use the sinking fund formula to determine the payment needed to reach the accumulated amount. To ensure that enough is invested each period, round the answer up to the nearest cent. Weekly payments with a 6.7% interest rate compounded weekly for 30 years to accumulate $500 comma 000 p equals StartFraction Upper A left parenthesis StartFraction r Over n EndFraction right parenthesis Over left parenthesis 1 plus StartFraction r Over n EndFraction right parenthesis Superscript n times t Baseline minus 1 EndFraction Question content area bottom Part 1 The weekly payment needs to be $ enter your response here. (Do not round until the final answer. Then round up to the nearest cent.)