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): a. Promised to pay a fixed amount of $6,000 ot the end of each year for seven years and a one-time payment of $115,000 at the end of the 7 th year. b. Established a plant remodeling fund of $490,000 to be avaliable at the end of Year 8. A single sum that will grow to $490,000 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,000 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 of this year for $34,000cash. A five-year note is signed for the balance. The note will be paid in flve equal year-end payments starting on December 31 of this year: 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? Complete this question by entering your answers in the tabs below. In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note? Note: Round your answer to nearest whole dollar. 4-a. In transaction (c), 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 wil be incurred? Complete thls question by entering your answers in the tabs below. What is the total amount of interest expense that will be incurred? Note: Round vour intermedioto and fnal answer to nearest wholo dollar