Using the sinking fund Table 13.3, complete the following: (Do not round Intermediate calculations. Round your answer to the nearest cent.) Required amount Frequency of payment Interest rate Payment amount and of each Length of time period 25,400 Quarterly 5 years 8%

Using the sinking fund Table 13.3, complete the following: (Do not round Intermediate calculations. Round your answer to the nearest cent.) Required amount Frequency of payment Quarterly Length of time Interest Pats Payment amount and of each period 25,400 5 years TABLE 13-3 Sinking fund table based on 51 Period 2% 3% 4% 5% 6% 8% 10% 1 2 1.0000 0.4951 0.3268 0.2426 3 1.0000 0.4878 0.3172 0.2320 10000 0.4854 0.3141 02286 1.0000 0.4762 0.3021 0.2155 4 5 G 0.1922 0.1585 0.1345 0.1165 0.1025 0.1810 0.1470 0.1228 7 8 9 0.1638 0.1296 0.1054 0.0874 0.0736 0.0627 0.0540 0.0468 10 11 12 13 1.0000 0.4926 0.3235 0.2390 0.1884 0.1546 0.1305 0.1125 0.0984 0.0872 0.0781 0.0705 0.0640 0.0585 0.0538 0.0496 0.0460 0.0427 0.0398 0.0372 0.0290 00233 0.0190 0.0168 0.0133 1.0000 0.4902 0.3203 0.2355 0.1846 0.1508 0.1266 01085 0.0945 0.0833 0.0741 00666 0.0601 0.0547 0.0499 00458 00422 0.0390 00361 00336 00256 0.0200 0.0159 00129 0.0 105 0.0913 0.0822 0.0746 0.0681 0.0626 0.0578 0.0537 0.0500 0.0467 0.0438 0.0412 0.0329 00270 00226 0.0102 0.0166 14 15 16 17 1.0000 04808 03080 0.2219 0.1705 0.1363 0.1121 0.0940 00001 0.0690 0.0601 00527 0.0465 00413 0.0368 0.0330 0.0206 0.0267 0.0241 0.0219 00150 00105 0.0075 0.0053 0.0030 0.1047 0.0907 0.0795 0.0704 0.0628 0.0565 0.0510 0.0463 0.0423 0.0387 0.0355 0.0327 0.0302 0.0725 0.0171 0.0133 0.0104 0 0083 0.1774 0.1434 0.1191 0.1010 0.0870 0.0759 0.0668 0.0593 0.0530 00476 00430 0.0390 0.0354 0.0324 0.0296 0.0272 0.0197 0.0146 00110 0 0084 0.0065 18 10 0.0408 00357 0.0315 0.0278 0.0247 00219 0.0105 0.0175 0.0113 0.0075 0.0050 0.0033 0.0023 20 24 28 32 36 40