Page of 2 - ZOOM + n i | 4 9% | 5 6% 30 8% 48 0.75% 60 0.50% PV$1 0.70843 0.74726 0.09938 0.69861 0.74137 FV$ 1 1.41158 1.33823 10.06266 1.43141 1.34885 PVA 3.23972 4.21236 11.25778 40.18478 51.72556 FVA 4.5731 5.6371 113.2832 57.5207 69.7700 1. You want to have $25,000 at the end of 4 years for a down payment on a house. How much should you save each month to achieve your goal if you can earn 9%? $ 2. You want to buy a $28,000 car today and will be making monthly payments for the next 5 years. What is your car payment if your borrowing rate is 6%? $ 3. You want to retire in 30 years. You decide to invest $10,000 each year until retirement. How much will you have when you retire if you can earn 8%. $ For 4-6 use the following: The company issues 6% 5-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 6.2%. % PV$1 PVA 5 6.00% 0.74726 4.2124 5 6.20% 0.74025 4.1895 10 3.00% 0.744098.5302 10 3.10% 0.73691 8.4868 4. What is the issue price of the bond? $ 5. What is the interest expense for the first interest payment? $. 6. What is the bond liability after the first interest payment? $