The amount of $2,800 is deposited into a sinking fund at the end of every semi-annual period for 5 years....

20. The amount of $2,800 is deposited into a sinking fund at the end of every semi-annual period for 5 years. Assume the interest rate is 7.5% compounded semi-annually.
What is the account balance after 1 year?
Period | Amount of Deposit | Interest Earned | Account Balance
1 | $2,800 | $0.00 | $2,800
2 | $2,800 | | ??
3 | $2,800 |
4 | $2,800 |
$2,905
$5,705
$105
$2,800