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a . Promised to pay a fixed amount of 7 , 7 0 0 at the end of each year for 8 years and one

a. Promised to pay a fixed amount of 7,700 at the end of each year for 8 years and one time payment of $118400 at the end of the 8th year
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.
P9-10 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)

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