A City Borrows $1 Million,paying Semi-Annual Interest at J₂ =

A city borrows $1 million,paying semi-annual interest at j₂ = 6%.The city creates a sinking fund in which semi-annual deposits of $35,360.93 are made in order to accumulate the $1 million needed to repay the loan upon maturity.The sinking fund ends earns j₂ = 7%.You are given that the book value of the debt immediately after the 12^th payment is $483,661.06.How much has been accumulated in the sinking fund immediately after the 13^th deposit of $35,360.93?

A) $516,338.94
B) $534,410.81
C) $535,950.12
D) $569,771.73