CP$8-10-$submit in Canvas $($round all answers to the nearest dollar$)$

$\backslash$table$[[$n$,$PVS$1,$FVS$1,$PVA,FVA,$],[5,6\%,0\mathrm{.}747258,1\mathrm{.}338226,4\mathrm{.}212364,5\mathrm{.}637093],[60,0\mathrm{.}50\%,0\mathrm{.}741372,1\mathrm{.}348850,51\mathrm{.}725561,69\mathrm{.}770031]]$

You want to buy a $$40,000$ car today and will be making monthly payments for the next $5$ years. What is your car payment if your borrowing rate is $6\%?$

For $2-3$ use the following:

The company issues $10\%,10-$year bonds with a total face amount of $$100,000$ with interest paid semi$-$annually. The market rate of interest is $10\mathrm{.}1\%.$

$\backslash$table$[[n,\%,PV,$PVA$],[10,10\mathrm{.}00\%,0\mathrm{.}385543,6\mathrm{.}144567],[10,10\mathrm{.}10\%,0\mathrm{.}382056,6\mathrm{.}118259],[20,5\mathrm{.}00\%,0\mathrm{.}376889,12\mathrm{.}462210],[20,5\mathrm{.}05\%,0\mathrm{.}373318,12\mathrm{.}409546]]$

What is the issue price of the bond? $ $q,3.$ What is the interest expense for the first interest payment?

For $4-5$ use the following

Balance Sheet $($partial$)$ at $12/31$

Stockholders' Equity:

$\backslash$table$[[$Common stock $($par $$0\mathrm{.}05,$$$10,000$