Because market interest rates were near all-time lows at 4 % per year, a hand tool company decided to call (i.e., pay off) the high-interest bonds that it issued 3 years ago. If the interest rate on the bonds was 9% per year, how much does the company have to pay the bond holders? The face value (principal) of the bonds is $6,000,000. Western Hydra Systems makes a panel milling machine with a 2.7-m-diameter milling head that emits low vibration and processes stress-relieved aluminum panels measuring up to 6000 mm long. The company wants to borrow money for a new production/warehouse facility. If the company offers to repay the loan with $60,000 in year 1 and amounts increasing by $10,000 each year through years 5, how much can the company borrow at an interest rate of 10% per year