Johnson Industries borrows money from a bank for operating purposes, which is commonly referred to as a working capital loan. If the company borrows $390000.0 now at an interest rate of 6.50% per year, compounded monthly, and the rate increases to 11.50%/yr, compounded monthly after 7.0 months, how much will the company owe at the end of 1 year? Your Answer: Answer Question 4 (7 points) Steve invested $17K today and also added $1,100 at the end of every month, how much money would he have in his account at the end of 5 years if the interest rate on his investment is 15% per year, compounded quarterly? $62,857$83,000$131,256$123,193$116,479