c) This same trader has decided to set up a sinking fund for the purpose of purchasing a truck in 2 years' time. It is expected that the truck will cost GH¢30,000. If the fund earns 10% interest per...

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Extracted text: c) This same trader has decided to set up a sinking fund for the purpose of purchasing a truck in 2 years' time. It is expected that the truck will cost GH¢30,000. If the fund earns 10% interest per year compounded quarterly, determine the size of each (equal) quarterly installment the trader should pay into the fund.