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Applying Time Value of Money Concepts Note fifound your answer to the nearest whisile doilaf Qrona Mineraks issued bonds that mature in 10 years. As

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Applying Time Value of Money Concepts Note fifound your answer to the nearest whisile doilaf Qrona Mineraks issued bonds that mature in 10 years. As is typical for bonds, Orana M nerals must pay interest only on the 550 milion face value. As part of the bond indenture. Orona Minerals must make annual payments to a sinking fund, which is a pool of money set aside to help repay the bond issue. The sinking fund must be equal to Sostiof the facet Walue of the bonds in 10 years (at maturity), if Ozona Minerals can invest at sh, what amount must the company add to the sinking fund each year to camply with the sinking fund tequifement? Note: Round vour answer to the nearest whole dollar

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