marks A toy company is considering producing a new roduct. The new production requires the installation of new machines and equipment. For this purpose, th company wants to borrow money by selling bonds, each priced at $150,000, lasting for a 8-year period. he interest which the company pays to the bondholders is 4% per year. Calculate the amount of interest to be paid per bond over the 10-year period in each year of the following cases. Give your answers exactly, or correct to two decimal places where necessary. a. Simple interest is charged. [2 marks] b. Interest is compounded annually [3 marks] C. Interest is compounded monthly [3 marks)