Exercise B-9 Present value of an annuity LO P3 10 points Dave Krug finances a new automobile by paying $6,300 cash and agreeing to make 40 monthly payments of $500 each, the first payment to be made one month after the purchase. The loan bears interest at an annual rate of 12%. What is the cost of the automobile? (PV of $1, FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round "Table Factor" to 4 decimal places.) eBook Monthly Payment Table Factor Present Value of Loan Hint Table Values are Based on: Ask Present Value of Loan Cash Down Payment Cost of the Automobile Print References Exercise B-12 Present value of bonds LO P1, P3 points Spiller Corp. plans to issue 6%, 10-year, S510,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2019, and are issued on that date. (PV of $1. FV of $1. PVA of $1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value to 4 decimal places and final answers to nearest whole dollar.) If the market rate of interest for the bonds is 4% on the date of issue, what will be the total cash proceeds from the bond issue? eBook Table Values are Based on: Cash Flow Table Value Amount Present Value Ask Present (maturity) value Interest (annuity) Total cash proceeds Print References