The City of State College plans to issue bonds with a par value of $2,000 that will issue 6% quarterly payments for 5 years. If a purchaser wants earn 4% per quarter over the lifetime of the bond, how much would the purchaser be willing to pay for the bond? Click here to access the TVM Factor Table calculator. What is the future value of the following cash flow? Click here to access the TVM Factor Table calculator. Rashida purchases a house for $300,000 and takes a mortgage for the full amount. Her mortgage charges 4% per year and interest is compounded monthly. She will repay the loan over 30 years with equal monthly payments. How much of the 1 st payment would be applied toward interest and how much of the 1st payment would be principal? Click here to access the TVM Factor Table calculator. Interest =$ Principal =$