Biology Forums - Study Force

Complete the partial sinking fund schedule showing the details of Payments 1, 2, 11, 12, 19, and 20. The rate of return is 3% compounded semiannually. Round the periodic interest earnings to the nearest dollar.

PMT #	PMT ($) (at end)	Interest ($)	Increase in Fund ($)	Balance in Fund ($)
0	-	-	-	0
1	302,720
2	302,720	4541	307,261	609,981
10	-	-	-
11	302,720	48,599	351,319	3,591,247
12	302,720			3,947,836
18	-	-	-
19	302,720	93,038	395,758	6,598,302
20	302,720	98,975

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