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Required information The following information applies to the questions displayed below) On January 1, Boston Company completed the following transactions (use a 7% annual interest
Required information 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: EVOL SL. P of $1. FVA of S1, and PVA of $9 (Use the appropriate factor(s) from the tables provided) a. Promised to pay a foved amount of $7100 at the end of each year for nine years and a one-time payment or $117,200 b. Established a plant remodeling fund of $491,650 to be available at the end of Year 10. A single sum that will grow to c. Agreed to pay a severance package to a discharged employee. The company will pay $76,100 at the end of the first year. $113.600 at the end of the second year, and $151100 at the end of the third year d. Purchased a $175,500 machine on January 1 of this year for $35,100 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 Required: 1. Intransaction determine the present value of the debt. (Round your answer to nearest whole dollar) Ned> BV 80 3 33
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