For Question 4, compute the interest earned during the fifth payment interval. Verify your answer by

For Question 4, compute the interest earned during the fifth payment interval. Verify your answer by

For Question 4, compute the interest earned during the fifth payment interval. Verify your answer by checking the sinking fund schedule.
In Question 4
A sinking fund amounting to $15 000 is to be created by making payments at the beginning of every six months for four years. Interest earned by the fund is 12.5% compounded semi-annually. Determine the size of the semi-annual payments and prepare a sinking fund schedule showing totals.
For Question 4 compute the interest earned during the fifth