FV$1 PVA FVA n PV$1 6 5% 0.74622 72 0.42% 0.74128 1.34010 1.34902 5.07569 6.8019 62.09278 83.7643 1. You want to have $26,000 at the end of 6 years to buy a new car. How much should you save each month to achieve your goal if you can earn 5%? $ (round to nearest dollar) n For 2-3 use the following: The company issues 7% 5-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.1%. % PV PVA 5 7.00% 0.71299 4.1002 5 7.10% 0.70966 4.0892 10 3.50% 0.70892 8.3166 10 3.55% 0.70550 8.2957 Round to nearest dollar 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 Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $25.00) Common stock (par $0.10) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (5,000 common shares) Total stockholders' equity $50,000 20,000 2,181,000 2,251,000 685,000 (110,000) $2.826.000 Assume that the company sold 1,000 shares of its treasury stock for $24 per share. 4. How much would additional paid in capital change? $. 5. How much would Stockholders' Equity change? $