11 Required Information Part 3 of 4 P9-11 Computing Present Values LO9-7, 9-8 [The following information applles to the questlons displayed below.] 8.33 On January 1, Boston Company completed the following transactions (use a 7% annual Interest rate for all transactions): (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) polnts Skipped a. Promised to pay a fixed amount of $6,000 at the end of each year for seven years and a one-time payment of $115,000 at the end of the 7th year. b. Established a plant remodeling fund of $490,000 to be availlable at the end of Year 8. A single sum that will grow to $490,000 willl be deposlted on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,000 at the end of the first year, $112,500 at the end of the second year, and $150,000 at the end of the third year. d. Purchased a $170,000 machine on January 1 of this year for $34,000 cash. A five-year note Is signed for the balance. eBook The note will be pald In five equal year-end payments starting on December 31 of this year Print References P9-11 Part 3 3. In transactlon (c), determine the present value of this obligation. (Round your answer to nearest whole dollar.) Present value 11 Required Information Part 3 of 4 P9-11 Computing Present Values LO9-7, 9-8 [The following information applles to the questlons displayed below.] 8.33 On January 1, Boston Company completed the following transactions (use a 7% annual Interest rate for all transactions): (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) polnts Skipped a. Promised to pay a fixed amount of $6,000 at the end of each year for seven years and a one-time payment of $115,000 at the end of the 7th year. b. Established a plant remodeling fund of $490,000 to be availlable at the end of Year 8. A single sum that will grow to $490,000 willl be deposlted on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,000 at the end of the first year, $112,500 at the end of the second year, and $150,000 at the end of the third year. d. Purchased a $170,000 machine on January 1 of this year for $34,000 cash. A five-year note Is signed for the balance. eBook The note will be pald In five equal year-end payments starting on December 31 of this year Print References P9-11 Part 3 3. In transactlon (c), determine the present value of this obligation. (Round your answer to nearest whole dollar.) Present value