n 6 72 4% 0.33% PV$1 0.79031 0.78694 FV$1 1.26532 1.27074 PVA 5.24214 63.91744 FVA 6.6330 81.2226 1. You can afford to pay $500 in monthly payments to purchase a car today and will be making these payments for the next 6 years. What is the most your car can cost if your borrowing rate is 4%? $ _(round to nearest dollar) n PV For 2-3 use the following: The company issues 6% 10-year bonds with a total face amount of $5,000,000 with interest paid semi- annually. The market rate of interest is 5.9%. % PVA 20 3.00% 0.55368 14.8775 20 2.95% 0.55908 14.9465 2. What is the issue price of the bond? $ round to nearest dollar 3. What is the interest expense for the first interest payment? $_ round to nearest dollar For 4 - 5 use the following Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100.00) Common stock (par $0.25) Additional Pald in capital Total paid in capital Retained earnings Treasury stock (5,000 common shares) Total stockholders' equity $200,000 198,750 9,351.250 9,750,000 2,540,000 (100,000) $12.190.000 Assume that the company sold 2,000 shares of its treasury stock for $21 per share. 4. How much would additional paid in capital change? $ 5. How much would Stockholders' Equity change? $