1. annual interest rate) (11 marks):
   1. Bought equipment and agreed to pay $182,000 at the end of three years.
   2. Established an investment account by depositing a single amount that will increase to $95,000 at the end of six years.
   3. Rented a robotic packaging machine and was given the option of paying $35,000 at the end of each of the next three years or paying $90,000 immediately.

1. In (a) what is the cost of the equipment that should be recorded at the time of the purchase?
2. In (b), what single amount needs to be deposited in this account on January 1, 2023?
3. In (c), which option for the robotic packaging machine should the company select?
4. On January 1, 2023, Just-In-Time Company (JIT) sold $100,000 in bonds that pay 8% each year. The market rate of interest at the time the bonds were sold was 9%. The bonds mature 5 years from the date of issue and JIT uses the effective-interest rate method to record amortization.