Find the Amount of Each Payment to Be Made into a Sinking

Multiple Choice

Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period.
- $\$ 85,000$ ; money earns $4.3 \%$ compounded monthly for $1 \frac{1}{6}$ years

A) $\$ 2891.40$
B) $\$ 3003.94$
C) $\$ 288.67$
D) $\$ 5931.28$