To provide 250,000, Marlou decided to place equal deposit in a fund at the end of each 6 months. A money is invested at 6% converted semi annually. Find the periodic deposit into the sinking fund at the end if 5 years
250 000 = N [ 1.03^10 - 1 ] / .03
250 000 = N [ .3439 ]/.03
N = 21,808.67