4. (25 points) The First Hayseed Bank of Boone, Iowa has loaned $1,000,000 to John Q. Entrepreneur. The loan is to be paid in 30 annual installments, at a rate of 6% effective. Immediately after 5 payments are made, First Hayseed sells the remaining payments to Gargantua Bank, NA at an effective rate of 4.5%. Determine the price that Gargantua paid for the remaining payments, and the total amount of interest earned by First Hayseed