a$.$ Promised to pay a fixed amount of $$6,900$ at the end of each year for eight years and a one$-$time payment of $$116,800$ at the end of the $8$ th year.

b$.$ Established a plant remodeling fund of $$491,350$ to be available at the end of Year $9.$ A single sum that will grow to $$491,350$ will be deposited on January $1$ of this year.

c$.$ Agreed to pay a severance package to a discharged employee. The company will pay $$75,900$ at the end of the first year, $$113,400$ at the end of the second year, and $$150,900$ at the end of the third year.

d$.$ Purchased a $$174,500$ machine on January $1$ of this year for $$34,900$ 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.

$2-$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?

Answer is complete but not entirely correct.

Complete this question by entering your an$,$wers in the tabs below.

Req $2$ a

Req $2b$

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.

Amount to deposit

$$,249,769$