Don James purchased a new automobile for $27,000. Don made a cash down payment of $6,750 and agreed to pay the remaining balance in 30 monthly installments, beginning one month from the date of purchase. Financing is available at a 24% annual interest rate (EV of $1. PV of $1. FVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: Calculate the amount of the required monthly payment. (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.) Monthly payment Exercise 14-1 (Algo) Bond valuation (L014-2) Your investment department has researched possible investments in corporate debt securities. Among the available investments are the following $100 million bond issues, each dated January 1, 2021. Prices were determined by underwriters at different times during the last few weeks. (EV of S1, PV of SI. FVA of $1. PVA of $1. EVAD of S1 and PVAD of S1) Company Bond Price 1. BD Corp. $108 million 2. DD Corp. $100 million 3. GG Corp. $ 90 million Stated Rate 130 120 111 Each of the bond issues matures on December 31, 2040, and pays interest semiannually on June 30 and December 31. For bonds of similar risk and maturity, the market yield at January 1, 2021, is 12% Required: Other things being equal, which of the bond issues offers the most attractive investment opportunity if it can be purchased at the prices stated? The least attractive? Most attractive investment Least attractive investment