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Required information The following information applies to the questions displayed befow] On January 1, Boston Company completed the following transactions (use a 7% annual interest

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Required information The following information applies to the questions displayed befow] On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions). 1 EV of S1. PV of \$1. EVA of \$1. and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. a. Promised to pay a fixed amount of $6,500 at the end of each year for 51x yeats and a one-time payment of $116,200 at the end of the 6 th year. b. Established a plant remodeling fund of $490,900 to be available at the end of Year 7 A single sum that will grow to $490,900 will be deposited on January 1 of this year. c Agreed to pay a severance package to a discharged employee The company will pay $75,600 at the end of the first year, $113,100 at the end of the second year, and $150,600 at the end of the third year. d. Purchased a $173,000 machine on January 1 of this year for $34,600 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. 3. In transaction (c), determine the present value of this obligation Note: Round your intermediate calculations ond final answer to nearest whole dollar

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