Fv1 https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/Libby_10e/FV1.jpg

Pv1 https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/Libby_10e/PV1.jpg

Fva1 https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/Libby_10e/FVA1.jpg

Pva1 https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/accounting/Libby_10e/PVA1.jpg

Required information P9-11 (Algo) Computing Present Values LO9-7, 9-8 [The following information applies to the questions displayed below.] On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): ( EY of S1, PV of S1. EVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) a. Promised to pay a fixed amount of $6,700 at the end of each year for nine years and a one-time payment of $116,400 at the end of the 9 th year. b. Established a plant remodeling fund of $491,050 to be available at the end of Year 10. A single sum that will grow to $491,050 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,700 at the end of the first year, $113,200 at the end of the second year, and $150,700 at the end of the third year. d. Purchased a $173,500 machine on January 1 of this year for $34,700 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. P9-11 Part 1 Required: 1. In transaction (a), determine the present value of the debt. (Round your answer to nearest whole dollar.) Required information P9-11 (Algo) Computing Present Values LO9-7, 9-8 [The following information applies to the questions displayed below.] On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): ( FV of S1, PV of S1. FVA of S1, and PVA of \$1) (Use the appropriate factor(5) from the tables provided.) a. Promised to poy a fixed amount of $6,700 at the end of each year for nine years and a one-time payment of $116,400 at the end of the 9 th year. b. Established a plant remodeling fund of $491,050 to be available at the end of Year 10 . A single sum that will grow to $491,050 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,700 at the end of the first year, $113,200 at the end of the second year, and $150,700 at the end of the third year. d. Purchased a $173,500 machine on January 1 of this year for $34,700 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. P9-11 Part 2 2-a. In transaction (b), what single sum amount must the company deposit on January 1 of this year? (Round your answer to nearest whole dollar.) 2-b. What is the total amount of interest revenue that will be earned? (Round your answer to nearest whole dollar.)