b$.$ Established a plant remodeling fund of $$492,550$ to be available at the end of Year $9.$ A single sum that will grow to

$$492,550$ will be deposited on January $1$ of this year.

c$.$ Agreed to pay a severance package to a discharged employee. The company will pay $$76,700$ at the end of the first

year, $$114,200$ at the end of the second year, and $$151,700$ at the end of the third year.

d$.$ Purchased a $$178,500$ machine on January $1$ of this year for $$35,700$ cash. A five$-$year note is signed for the balance.

The note will be paid in five equal year$-$end payments starting on December $31$ of this year.

P$9-10$ Part $2$

$2-$a$.$ In transaction $($b$),$ what single sum amount must the company deposit on January $1$ of this year?

$2-$b$.$ What is the total amount of interest revenue that will be earned?

Complete this question by entering your answers in the tabs below.

Req $2a$

In transaction $($b$),$ what single sum amount must the company deposit on January $1$ of this year?

Note: Round your answer to nearest whole dollar.

$($use $7\%$ interest rate for all questions$)$

PART B:

$2-$a$.$ In transaction $($b$)$ what single sum amount must the company deposit on January $1$ of this year?

$2-$b$.$ What is the total amount of interest revenue that will be earned?

PART C:

$1-$c$.$In transaction $($c$)$ determine the present value of this obligation.

PART D:

$1-$d$.$In transaction $($d$)$ what is the amount of each of the equal annual payments that will be paid on the note?

$2-$d$.$What is the total amount of interest expense that will be incurred?

PLEASE ANSWER ALL PARTS $!!!!!!!!!!!!!!!!!$

$($B$,$C$,$D$)$