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Forwarded The human resources department just received a $1 million gift from a former employee. The employee's instructions are that the funds are to be invested with an amortization of 10 years and the employees of the company are to receive annual end-of-year Christmas bonuses from the fund. The company employs four managers, eight supervisors, and 20 workers. The annual bonuses are to be distributed such that a supervisor would receive twice as much as a worker, and a manager would receive twice as much as a supervisor. a. The fund is invested at 6.2% compounded semi-annually. Construct a complete amortization schedule for the investment. b. Except for the last year, how much can each worker, supervisor, and manager expect to receive as the annual Christmas bonus? B.O.S. Designer Candles Inc. has acquired some manufacturing space for $750,000 in an industrial section of the city. The owners intend to mortgage the property over a 15-year amortization period through successive five-year terms with monthly payments. The semi-annually compounded interest rate for the first term is 5%, and the owners foresee rates of 6% and 6.75% for the future terms. For each term, determine the mortgage payment amount, the total payments made, the total interest paid, and the total principal reduction

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