On January 1, 2014, Boston Company completed the following transactions (use a 8 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 $112,000 for seven years Will pay $8,960 interest at the end of each year and repay the $112,000 at the end of the 7th year b Established a plant addition fund of $510,000 to be available at the end of year 4 A single sum that will grow to $510,000 will be deposited on January 1, 2014 c Agreed to pay a severance package to a discharged employee The company will pay $89,000 at the end of the first year, $130,500 at the end of the second year, and $142,000 at the end of the third year d Purchased a $130,000 machine on January 1, 2014, and paid cash, $33,000 A four year note payable is signed for the balance The note will be paid in four equal year end payments starting on December 31, 2014

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On January 1, 2014, Boston Company completed the following transactions (use a 8 percent annual interest rate for all transactions): (FV of $1, PV of

On January 1, 2014, Boston Company completed the following transactions (use a 8 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 $112,000 for seven years. Will pay $8,960 interest at the end of each year and repay the $112,000 at the end of the 7th year.
b.	Established a plant addition fund of $510,000 to be available at the end of year 4. A single sum that will grow to $510,000 will be deposited on January 1, 2014.
c.	Agreed to pay a severance package to a discharged employee. The company will pay $89,000 at the end of the first year, $130,500 at the end of the second year, and $142,000 at the end of the third year.
d.	Purchased a $130,000 machine on January 1, 2014, and paid cash, $33,000. A four-year note payable is signed for the balance. The note will be paid in four equal year-end payments starting on December 31, 2014.