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

1. Borrowed $116,800 for eight years. Will pay $6,900 interest at the end of each year and repay the $116,800 at the end of the 8th year.
2. Established a plant remodeling fund of $491,350 to be available at the end of Year 9. A single sum that will grow to $491,350 will be deposited on January 1 of this year.
3. Agreed to pay a severance package to a discharged employee. The company will pay $75,900 at the end of the first year, $113,400 at the end of the second year, and $150,900 at the end of the third year.
4. Purchased a $174,500 machine on January 1 of this year for $34,900 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.

In transaction (a), determine the present value of the debt.(Round your answer to nearest whole dollar.)

2-a.In transaction (b), what single sum amount must the company deposit on January 1 of this year?

2-b.What is the total amount of interest revenue that will be earned?(Round your answer to nearest whole dollar.)

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?