A company's outstanding debts are in the form of the following bonds:

Series A bonds, $$5$ million worth outstanding, with a coupon rate of $5\%$ per annum, annual payments, and a

payment due in $3$ months

Series B bonds, $$10$ million worth outstanding, with a coupon rate of $6\%$ per annum, semiannual payments,

and a payment due next month

The company also has an outstanding commercial mortgage for one of its buildings with a monthly interest

payment of $$90,000.$

How much cash should the company budget for next month's principal and interest payments?

Less