CP8-10-submit In Canvas (round all answers to the nearest dollar) n PV$1 FV$1 6 7% 0.666342 FVA 1.500730 4.766540 7.153291 PVA 72 0.58% 0.657849 1.520106 58.654444 89.160944 1. You want to buy a $30,000 car today and will be making monthly payments for the next 6 years. What is your car payment if your borrowing rate is 7%? $ For 2-3 use the following: The company issues 7.5%, 10-year bonds with a total face amount of $1,000,000 with Interest paid semi-annually. The market rate of interest is 7.4%. n % PV PVA 10 7.40% 0.489731 6.895533 10 7.50% 0.485194 6.864081 20 3.70% 0.483532 13.958605 20 3.75% 0.478892 13.896204 2. What is the issue price of the bond? $ 3. What is the interest expense for the first interest payment? $ For 4-5 use the following Balance Sheet (partial) at 12/31 Stockholders' Equity: Common stock (par $0.01) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (3,000 shares) Total stockholders' equity $1,500 5,548,500 5,550,000 1,250,000 (150,000) $6,650,000 Assume that the company resold 1,000 shares of its treasury stock for $60 per share. 4. How much would additional paid in capital change? $ 5. How much would Stockholders' Equity change? $