1 (1 point) TVM Question: Assume that you have a 4-year-old son and want to have $150,000 in his college fund when he starts college. You expect to earn an 8% return on his college-fund investments. If you want to make 14 equal-sized end-of-year deposits into your son's college fund, how much do you need to deposit each year to have $150,000 when he starts college 14 years from now? Hint: You will want to use the PMT function in Excel to calculate this amount. $6,195 $10,714 $18,195 $8,714 Question 2 (1 point) Bonds Question: Radner Inc. issues 5-year bonds with a face value of $25,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The market rate of interest on the date of issue is 4%. What journal entry will the company make to record the bond issue? Dr. Cash 27,245,646 Cr. Premium on Bonds Payable 2.245,646 Cr. Bonds Payable 25,000,000 Dr. Cash 25,000,000 Dr. Discount on Bonds Payable 2,245,646 Cr. Bonds Payable 27,245,646 O Dr. Cash 25,000,000 Dr. Discount on Bonds Payable 2.225,911 Cr. Bonds Payable 27,225,911 Dr. Cash 27,225,911 Cr. Premium on Bonds Payable 2,225,911 Cr. Bonds Payable 25,000,000