answer 18-21

18. Given the information below, which bond(s) will be issued at a discount? Bond 1 Bond 2 Bond 3 Bond 4 Stated Rate of Return 5% 7% 12% 10% Market Rate of Return 7% 8% 12% 9% 19. % TAR Company issues 4.75%, 5-year bonds with a face amount of $400,000 on January 1, 20A for $400,000. Interest is paid semiannually on June 30 and December 31. What was the market interest rate for the bond issuance? Use the following to answer questions 20 24 On January 1, year 1, the company borrows $48,000 to purchase a new vehicle by agreeing to a 6.0%, 5-year loan with the bank. Payments are due at the end of each month with the first installment (vehicle payment) due on January 31, year 1. AFTER completing the problem, ROUND YOUR ANSWERS TO THE NEAREST DOLLAR. 20. Determine the monthly vehicle payment installment) $ 21. Determine the interest expense for the first car payment (installment) $