1.) Love Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Waterway should pay $20,180 at the time of purchase and $5,020 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.2546 and final answer to 0 decimal places, e.g. 658,581.)

2.) On January 1, 2020, Waterway Corporation purchased 333 of the $1,000 face value, 10%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2030, and pay interest annually beginning January 1, 2021. Waterway purchased the bonds to yield 11%. How much did Waterway pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 658,581.)

3.) Love Corporation bought a new machine and agreed to pay for it in equal annual installments of $5,280 at the end of each of the next 10 years. Assuming that a prevailing interest rate of 8% applies to this contract, how much should Waterway record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.2546 and final answer to 0 decimal places, e.g. 658,581.)

4.) Love Corporation purchased a special tractor on December 31, 2020. The purchase agreement stipulated that Waterway should pay $20,180 at the time of purchase and $5,020 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2020, at what amount, assuming an appropriate interest rate of 12%? (Round factor values to 5 decimal places, e.g. 1.2546 and final answer to 0 decimal places, e.g. 658,581.)

5.) Love Corporation wants to withdraw $113,110 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? (Round factor values to 5 decimal places, e.g. 1.2546 and final answer to 0 decimal places, e.g. 658,581.)