ted Kingdom) 6. A friend of yours is interested in purchasing a motor vehicle with at a cost of $3.5 million. The bank has indicated that they are willing to finance 80% of the purchase price at a rate of 12% p.a. over 4 years with equal monthly repayments. Your friend has asked you to a. Compute the required monthly payments. (round to the nearest dollar) (6 marks) 7. 8. 9. b. Prepare the Loan amortization schedule for the first 4 months (round to the nearest dollar). marks) (5 c. Determine how much would be required to close the loan after 2 years. (4 marks) Determine the current value of an 7.5% GOJ bonds with a face value of $500,000.00 that pays interest semi-annually (tax free) and matures in exactly 3 years. The required return on this security is 6% p.a. marks) (5 Forrest Co. issued 11-year bonds 3 years ago at a coupon rate of 8.5%. The bond makes semi-annual payments. If the required rate of return of an investor on these bonds is 9%, what will the bond sell for today? (5 marks) JMMB issued 10-year bonds with a coupon rate of 8%. The bond makes semiannual payments. If these bonds currently sell for 105 percent of par value. What is the YIM? (5 marks)