The city isrequired to make regular payments every 3 months into a sinking fund paying 5.4% compounded quarterly. At the end of 10 years, the bond obligation will be retired with a cost of $5,000,000....

  The city isrequired to make regular payments every 3 months into a sinking fund paying 5.4% compounded quarterly. At the end of 10 years, the bond obligation will be retired with a cost of $5,000,000. A) What should each payment be? B) How much is earned during the 10th year?