Meet the debenture retirement need

Reference no: EM13904519

Metro Corporation needs to resign Rs20 million of debentures every toward the end of 6, 7, what's more, a long time from now. How much ought to the firm store in a sinking trust account every year for a long time, so as to meet the debenture retirement need? The net premium rate earned is 10 percent.

Reference no: EM13904519

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