On January 1, 2014, Boston Company completed the following transactions (use a 7 percent annual interest rate for all transactions): (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)

a.	Borrowed $115,000 for seven years. Will pay $6,000 interest at the end of each year and repay the $115,000 at the end of the 7th year.
b.	Established a plant addition fund of $490,000 to be available at the end of year 8. A single sum that will grow to $490,000 will be deposited on January 1, 2014.
c.	Agreed to pay a severance package to a discharged employee. The company will pay $75,000 at the end of the first year, $112,500 at the end of the second year, and $150,000 at the end of the third year.
d.	Purchased a $170,000 machine on January 1, 2014, and paid cash, $34,000. A five-year note payable is signed for the balance. The note will be paid in five equal year-end payments starting on December 31, 2014. 1. In transaction (a), determine the present value of the debt. 2-a. In transaction (b), what single sum amount must the company deposit on January 1, 2014? 2-b. What is the total amount of interest revenue that will be earned? 3. In transaction (c), determine the present value of this obligation. 4-a. In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note? 4-b. What is the total amount of interest expense that will be incurred?