Font Paragraph 5 Styles Voice Sensitivity n Chapter 8-10 In class assignment-submitted in Canvas PV$1 FV$1 PVA FVA 67% 0.66634 1.50073 4.76654 7.1533 72 0.58% 0.65785 1.52011 58.65444 89.1609 1. You want to have $27,000 at the end of 6 years to buy a new car. How much should you save each month to achieve your goal if you can earn 7%? $_ (round to nearest dollar) For 2 - 3 use the following: The company issues 8% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.8%. n % PV PVA 10 8.00% 0.46319 6.7101 10 7.80% 0.47186 6.7710 20 4.00% 0.45639 13.5903 20 3.90% 0.46525 13.7115 Round to nearest dollar 2. What is the issue price of the bond? $_ 3. What is the interest expense for the first interest payment? S_ 1 For 4 - 5 use the following Best incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $25.00) $25,000 Common stock (par $.20) 100,000 Additional Paid in capital 7.901,500 Total paid in capital 8,026,500 Retained earnings 2,856,200 Treasury stock (5,000 common shares) (126,000) Total stockholders' equity $10.756.700 Assume that the company sold 1,000 shares of its treasury stock for $25 per share. 4. How much would additional paid in capital change? 5 5. How much would Stockholders' Equity change? $_