i need E2,E3,E4a,E4b

e. Assume that a machine was purchased for $55,000. Cash of $24,100 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. Reg ReqC Reg E3 Rega Reg D Reg Eta Reg ElbReq E2 Regle Red E46 Assume that a machine was purchased for $55,000. Cash of $24,100 was paid, and a four-year, 6% note payable was signed for the balance. How much is the equal annual payment of principal and interest due at the end of each year? 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.) Required: a. What is the present value of nine annual cash payments of $2,000, 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 20 years, using an interest rate of 14%? 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 11 years, e. Assume that a machine was purchased for $55,000. Cash of $24,100 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. RGA Red B Req Rego Req Ela Red E10 Reg 2 Reg EJ Reg E4 Red E4b Assume that a machine was purchased for $55,000 Cash of $24,100 was paid, and a four year, 6% note payable was signed for the balance. How much is the equal annual payment of principal and interest due at the end of each year? Annual payment