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Trudell Corporation raised $ 1 5 million from an issue of ainkinsinking bond funds with a 2 0 year maturity and a coupon rate of

Trudell Corporation raised $15 million from an issue of ainkinsinking bond funds with a 20 year maturity and a coupon rate of 6 percent compounded semi annually. The bond indenture contract requires Trudell to make equal payments at the end of every 6 months into a sinking fund administered by a trust company. If sinoing fund earns 4.2 percent compounded semi annually what kusmust be the size of sinking fund payments in order to accumulate the full $15 million to redeem bons upon maturity

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