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Kirk, Klein & Co. requires $118,000 fifteen years from now to retire a debt. A sinking fund is established into which equal payments are made at the end of every month. Interest is 9.3% compounded monthly (a) What is the size of the monthly payment? (b) What is the balance in the sinking fund after five years? (c) How much interest will be earned by the fund in the 72nd payment interval? (d) By how much will the fund increase during the 147th payment interval? (e) Construct a partial sinking fund schedule showing details of the first three payments, the last three payments, and the totals. (e) Construct a partial sinking fund schedule showing details of the first three payments, the last three payments, and the totals. (Round the final answers to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Payment Periodic Payment Increase in Balance at End of Interval Number Payment Interval Interest Fund Payment Interval 0 $0.00 1 $ 2. $ $ $ $ 3 6 $ $ 178 $ $ $ $ $ $ 179 $ $ 180 HA HA A The total amount paid is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The total interest earned is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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