Question: Chapter 8-10 In class assignment- submitted in Canvas 1. You want to buy a $40,000 car today and will be making monthly payments for the

Chapter 8-10 In class assignment- submitted in Canvas 1. You want to buy a $40,000 car today and will be making monthly payments for the next six years. What is your car payment if your borrowing rate is 7% ? $ (round to nearest dollar) For 23 use the following: The company issues 8% 20-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 8.4%. Round to nearest dollar 2. What is the issue price of the bond? 3. What is the interest expense for the first interest payment? \$\$

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