a. What is the present value of nine annual cash payments of $4,000, to be paid at the end of each year using an interest rate of 6%? b. What is the present value of $30,000 to be paid at the end of 22 years, using an interest rate of 18%? c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 13 years, assuming that the account will earn 10% interest? d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 12 years, assuming that the account will earn 14% interest? e. Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Req A Red B Reqc Reg D Reg Ela Req Elb Req E2 Req E3 Req E4a Req E4b Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. Prepare the horizontal model, to show the purchase of the machine as described. (Use amounts with + for increases and amounts with for decreases.) Show less Balance Sheet Income Statement Assets Liabilities Stockholders' Equity Net Income Revenues Expenses + + Using a present value table, your calculator, or a computer program present value function, answer the following questions: See Table 6-4 and Table 6-5 (Use the appropriate factor by clicking on the appropriate Table links.) www: Required: a. What is the present value of nine annual cash payments of $4,000, to be paid at the end of each year using an interest rate of 6%? b. What is the present value of $30,000 to be paid at the end of 22 years, using an interest rate of 18%? c. How much cash must be deposited in a savings account as a single amount in order to accumulate $300,000 at the end of 13 years, assuming that the account will earn 10% interest? d. How much cash must be deposited in a savings account (as a single amount) in order to accumulate $50,000 at the end of 12 years, assuming that the account will earn 14% interest? e. Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Req A Reg B ReqC Reg D Req Ela Req Elb Req E2 Reg E3 Reg E4a Req E4b Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. Record the journal entry, to show the purchase of the machine as described. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req A Req B Reqc Reg D Req Ela Reg Elb Req E2 Reg E3 Req E4a Reg E4b Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. What is the total amount of interest expense that will be reported over the life of the note? Total interest payments Complete this question by entering your answers in the tabs below. Req A Req B Reg C Reg D Req Ela Reg Elb Req E2 Reg E3 Reg E4a Req E4b Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. Prepare the horizontal model, to show the equal annual payments of principal and interest due at the end of each year. (Use amounts with + for increases and amounts with for decreases.) Balance Sheet Income Statement Year Assets Liabilities + Stockholders' Equity Net Income Revenues Expenses 1 + 2 + 3 4 e. Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. 1. Prepare the horizontal model and record the journal entry, to show the purchase of the machine as described. 2. How much is the equal annual payment of principal and interest due at the end of each year? 3. What is the total amount of interest expense that will be reported over the life of the note? 4. Prepare the horizontal model and record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. Complete this question by entering your answers in the tabs below. Req A Req B ReqC Reg D Req Ela Req E1b Reg E2 Reg E3 Reg E4a Reg EAD Reg E4b Assume that a machine was purchased for $54,900. Cash of $22,300 was paid, and a four-year, 6% note payable was signed for the balance. Record the journal entries, to show the equal annual payments of principal and interest due at the end of each year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the annual lease payments on a note payable. Note: Enter debits before credits. Year General Journal Debit Credit 1 Record entry Clear entry View general Journal