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2.

5 pts You are working with a mortgage company that will give you a 20-year loan at 5% interest to purchase a house. If you can make monthly payments of $800, how much can you borrow? (Show the following calculator inputs/settings: P/Y, N, I/Y, PV, PMT, FV) 6 pts Your company issues $800,000, 6%, 15-year bonds that pay interest annually. If the market rate is 7%, what is the issue price of the bonds? (Show the following calculator inputs/settings: P/Y, N, I/Y, PV, PMT, FV)