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A corporation creates a sinking fund in order to have $680,000 to replace some machinery in...

A corporation creates a sinking fund in order to have $680,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 4.3% compounded quarterly? (Round your answers to the nearest cent.)
$

How much interest would they earn over the life of the account?
$

Determine the value of the fund after 2, 4, and 6 years.

2 years $
4 years $
6 years $


How much interest was earned during the second quarter of the 4th year?
$

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