CP8-10-submit in Canvas (round all answers to the nearest dollar) PV$1 FV$1 PVA FVA 0.747258 1.338226 4.212364 5.637093 0.741372 1.348850 51.725561 69.770031 n 5 60 6% 0.50% 1. You want to buy a $30,000 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 2-3 use the following: The company issues 7%, 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.1%. n % PV PVA 10 7.00% 0.508349 7.023582 10 7.10% 0.503623 6.991230 20 3.50% 0.502566 14.212403 20 3.55% 0.497735 14.148318 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/YR6 Stockholders' Equity: Common stock (par $0.25) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (1,500 shares) Total stockholders' equity $25,000 3,475,000 3,500,000 1,250,000 (75,000) $4,675,000 Assume that the company resold 1,000 shares of its treasury stock for $54 per share. 4. How much would additional paid in capital change? $ 5. How much would Stockholders' Equity change? $

CP8-10-submit in Canvas (round all answers to the nearest dollar) 1. You want to buy a $30,000 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 23 use the following: The company issues 7%,10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.1%. 2. What is the issue price of the bond? $ 3. What is the interest expense for the first interest payment? $ Assume that the company resold 1,000 shares of its treasury stock for $54 per share. 4. How much would additional paid in capital change? \$ 5. How much would Stockholders' Equity change? $ CP8-10-submit in Canvas (round all answers to the nearest dollar) 1. You want to buy a $30,000 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 23 use the following: The company issues 7\%, 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.1%. 2. What is the issue price of the bond? $ 3. What is the interest expense for the first interest payment? $ Assume that the company resold 1,000 shares of its treasury stock for $54 per share. 4. How much would additional paid in capital change? $ 5. How much would Stockholders' Equity change? $