Find the amount of each payment to be made into a sinking

Last updated: 8/8/2022

Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $77,000; money earns 5% compounded semiannually for 11 year O $1118.16 $2667.79 $2832.62 $2517.62