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) (. EV of S1. PV of \$1. EVA of \$1, and PVA of Si) Note: Use oppropriate foctor(s) from the tables provided. a. Promised to pay a fixed amount of $6,600 at the end of each year for six years 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. 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? Complete this question by entering your answers in the tabs below. In transaction (b), what single sum amount must the company deposit on January 1 of this year? Note: Round ypur answer to nearent whole dollar. [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 transactic EV of \$1. PV of S1. FVA of \$1, and PYA of \$1) Note: Use appropriate factor(s) from the tables provided. a. Promised to pay a fixed amount of $6,600 at the end of each year for six years and a one-time payment of $11 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 gr: $490,900 will be deposited on January 1 of this yeat. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,600 at the end of t 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 $34,600cash. A five-year note is signed for the b: The note will be paid in five equal year-end payments starting on December 31 of this year: 2-a. In transaction (b). What single sum amount must the company deposit on January 10 of this year? 2.b. What is the total amount of interest revenue that will be earned? Complete this question by entering your answers in the tabs below. What is the total amount of interest revenue that will be eamed? Note: Round your intermediate calculations and finat answer to nearest whole, dollar
