Question: Question 5 (8 points) Johnson Industries borrows money from a bank for operating purposes, which is commonly referred to as a working capital loan. If

Question 5 (8 points) Johnson Industries borrows money from a bank for operating purposes, which is commonly referred to as a working capital loan. If the company borrows $270000.0 now at an interest rate of 5.00% per year, compounded monthly, and the rate increases to 13.50%/yr, compounded monthly after 6.0 months, how much will the company owe at the end of 1 year? Your Answer: :] Answer Question 6 (7 points) Determine the value of i that makes the following statement correct using the economic equivalence concept: $5000.00 today is equivalent to $4900.00 exactly 1 year ago at i = __% per year. Your Answer: :]

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