Using the sinking fund formula or a financial calculator, complete the following: $($Do not round intermediate calculations. Round your answer to the nearest cent.$)$

$\backslash$table$[[\backslash$table$[[$Required$],[$amount$]],\backslash$table$[[$Frequency of$],[$payment$]],$Length of time,$\backslash$table$[[$Interest$],[$rate$]],\backslash$table$[[$Payment amount$],[$end of each$],[$period$]]],[$$$24,000,$Quarterly,$7$ years,$8\%,]]$