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On 1 / 1 / 2 0 2 3 , Al Amal Industrial Company issued bonds worth 1 5 0 , 0 0 0 riyals

On 1/1/2023, Al Amal Industrial Company issued bonds worth 150,000 riyals that are due for repayment 4 years from the date of issuance. At the end of the loan period, the company will return the amount of 100,000 riyals to the bond holders. As of 12/31/2023, the company began depositing annual payments of 20,000 riyals each, and the company achieved an annual return of 5% on the payments.Required:1. What is the amount that will be available in the companys account on the due date of returning the bonds to their owners from the payments that were deposited with the bank?2. How much additional money will the company need to provide the full amount required to repay the bonds?

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