Chapter 8-10 In class assignment-submitted In Canvas ROUND ALL ANSWERS TO NEAREST DOLLAR n PV$1 PVA FV$1 FVA 30 5 6% 0.74726 7% 0.13137 60 0.50% 0.74137 4.21236 1.33823 5.6371 7.61226 1.34885 12.40904 94.4608 51.72556 69.7700 1. You want to have $25,000 at the end of 5 years for a down payment on a house. How much should you save each month to achieve your goal if you can earn 6% ? $ 2. You want to buy a $25,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $ For 3-4 use the following: The company issues 6% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 6.2%. n % PV PVA 10 6.00% 0.55839 7.3601 10 6.20% 0.54797 7.2908 20 3.00% 0.55368 14.8775 20 3.10% 0.54303 14.7409 3. What is the issue price of the bond? $ 4. What is the bond liability after the first interest payment? $ 5. The company has 10,000 shares of treasury stock with a cost of $160,000. Assume that the company resold 2,000 shares for $20 per share. How much would Stockholders' Equity change? $