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): ( FV of $1. PV of $1. EVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) a. Promised to pay a fixed amount of $7700 at the end of each year for eight years and a one-time payment of $118,400 at the end of the 8th year. b. Established a plant remodeling fund of $492,550 to be available at the end of Year 9. A single sum that will grow to $492,550 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $76,700 at the end of the first year, $114,200 at the end of the second year, and $151,700 at the end of the third year. d. Purchased a $178,500 machine on January 1 of this year for $35,700 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, 4-a. In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note? (Round your answer to nearest whole dollar.) Annual payments 4-b. What is the total amount of interest expense that will be incurred? (Round your answer to nearest whole dollar.) Interest expense NOE 3.0 0.55233 OMCHO 0.93 2.72235 19809 2010 335721 410020 CHESS 20 507509 5.73537 6.46321 7.10782 7.72173 13 267101 246511 212 69172 5582 20379 6.B01 7.36003 5.392 5.97130 6.51523 LOS 5.09 03 7.00 925212 7436 79426 135765 10641 3.26335 9.39057 9.1964 10.3794 1033777 1127401 11.699 12085 12.46221 14.09) 1537245 723687 338384 L15260 529490 9.71225 10.10970 104772 1032760 11.15812 11.40 12.78336 1376) SICE = 310791 34465 9.76322 100500 30.13560 10.5401 116535 Present Value of Annuity of 51 Perlede 1. 2.0% 3.79 40 425 0.99010 09802 097081 0.95 0.96154 0.95923 1,97040 1.94155 191347 12 1.38609 187934 2947 202561 27:31 277509 276198 4 290197 3.30773 171710 365138 362990 4.71345 457971 445326 4.45122 442073 6 579543 5.60143 541719 5.2451 52014 519974 7 6.72319 6.47199 623070 605790 6.00205 55409 765158 732540 701969 6.30230 672274 6667 856602 8.16224 7.78611 75907 7435 7.35135 10 9.47130 8.90250 853020 0.21279 3.11090 LION Present Value of Annuity of $1 Periode 1.09 2.09 3.0 2.75 LON 4.18% 11 1036763 97 8.37979 1.750 64354 12 1125508 To 57534 995600 95220 930507 925039 13 12.13374 11.34837 10.64% 10.14238 9.98565 98251 14 1100370 12.10525 11.2001 10.722 1054312 10.3090 15 13.06505 12.84926 1193794 113150 1111839 10:32652 15 1071787 1357771 12.56110 118701) 1165230 11.44031 12 15 56225 1429187 13-16612 12.40454 12.16567 1153315 16.39827 14.99200 12.75351 1292046 12.65830 12.40590 19 17.22601 1567346 143230 13.41731 1211394 12.15930 20 18.04555 16.35143 14.87747 129620 1355033 1923437 25 22.02316 19.52346 17.41315 16.04320 15.62208 15.21734 30 2.80771 22.1946 19 60044 17.2925 17.29203 16.77902 Present Value of Annuity of 1 Periods 3.0 10.09 11.08 12.03 13.09 14.09 1 0.92593 09174 090909 0.90050 0.89206 0.33496 0.87719 2 1.78176 175911 173554 171252 1.69005 1010 154666 3 257210 2.59129 2.43605 240371 2.40183 236115 2.32163 4 3.31213 3.22972 3.16387 3.1024 309735 297447 291371 5 399271 388965 3.79079 269510 3.60470 3.51723 . 463238 4.48992 35520 423054 411141 3.99755 3.88867 7 520637 5.03295 416842 471220 456376 44226 428830 5.74664 5.53412 53349 5.14612 496764 4.79077 453816 9 6.24509 599525 7802 553705 532825 513166 494637 10 671008 4.41766 5.14457 5.80923 565022 542624 521612 Present Value of Annuity of 51 Perde 9.00 10.0% 11.05 12.05 13.0 11 2.09 6.80510 649506 6.20052 $93770 S4 5.45273 12 7.560 7.15073 6-31369 6.49236 6.19497 599765 566029 13 7.90070 7.43690 7.10336 6.74987 6.42355 6.12181 5.86235 24424 7.70615 690107 662017 6.30249 0.00201 15 55548 20606 7.60600 7.19087 681086 6.46210 614217 16 1255 7.12371 739916 697399 6.60388 6.26505 17 512164 1.54363 102155 754879 7.11963 6.72909 637200 18 937199 3.7556) 20141 7.70162 7.2497 68391 6.4672 19 9.60360 1.95011 8.36092 789929 736578 693797 655027 20 9.81615 9.12855 351356 7.96333 746944 702475 6.62313 25 1067478 937250 907704 142174 7.84314 2.321 5.87293 1125770 10.27365 742691 1937 0.05510 7.49565 7.00204 101 NO 10.09 35.0 15.0 036957 102571 228323 225498 3.35216 7540 455042 44722 477158 501877 0.83333 15277 2.10540 258173 2.99061 332551 0.0000 1.44000 195200 236100 2923 29516 116114 BOEEVE STONE 3.8376 403031 4.19241 265313 357050 101 NO SOS ! 699954 CEISES 15.04 5231 5.42012 558015 572448 5.54737 595423 664716 6.12797 61912) 6930 64415 c56500 100% 4.12700 44322 4532 461057 467547 472956 477463 481219 3035 4 494759 197054 35560 272512 270010 3.82400 385923 18741 19093 292794 394225 19538 24 Future Value off! Pride NO NOT 20 4 8. 1 000001 100000 00000 00000 S. 10000 205000 215250 2 201000 OSCH 30.000 OLOCO 3.75 100000 20910 211393 423050 53000 69 73361 1.00000 202000 300040 412161 5.20104 530012 78301 300000 221490 4 > 100000 64000 112160 424645 5462 4. CHOIC 31462 200000 3070 413361 530914 640341 7464 329734 1015911 11.4630 CC MOSES 425270 544545 667450 1958 55256) 6.69191 3:14201 95401 ME 697532 1974 NAS 7.15322 650 10:25000 11.97799 1301545 2.75463 10.94922 9.217 10 5020 12.00611 10 c503 11.6674 10.12 1214422 12.57785 1149132 121007 1.0 20 1.75% 4 wers SOS 7.03 1401164 12.16072 12:41209 COM 1401212 1636757 12014 15200 16.9093 116089 SETOS WACO N 406040 510101 6.15302 7 721394 3.29567 936851 10.46221 Future Value Annuity of 31 Perlede . 11 11.56633 12 1268350 D 13.00 14 1494142 15 16 1725704 17 1.14 19-6147 20.31090 20 2201900 25 25 2020 1471481 Future Value of Annuity of $1 Parede 100000 2 208000 3 324640 4 450611 5.36610 7.33590 392280 106146 12.476 10 BOS 15.97734 17.2930 18.6.3920 2001207 2141231 22.300 2429727 12.03030 12.000 1415200 156177 170052 18 20.15681 21.2015 2341444 251168 2617037 36.45926 4757542 15.00 1745 2014064 2255049 25.12002 2 OS 30 34002 12.45 15.0251 16.6224 12.29191 2002) 2122453 23.6751 25.64541 277123 29.77808 41.64501 5601434 116 21.39274 23.1997 25.08 14 2067 15.91712 1771230 1950065 215704 23.6570 25.14037 22 3037100 23.06595 47.72710 66.63 22.2005 2421200 26 24203 2835732 3056250 4907641 514953 1814 2101507 22.217 2567253 2521350 30.30565 33.75 6.70550 54.86451 73001 COUTE 29.0177 40.27112 51.79124 19:37 40.99549 632001 46079 sos IN 11.0 10000 211000 3.34210 . 100000 2.09000 327810 657313 000001 100000 214000 25.09 100000 225000 3.81250 2.15000 3.47250 OMTE COOL 492114 10.05 100000 210000 1000 464100 610510 771561 9.48717 11.43589 18574 1593742 12.05 100000 2.12000 3.37640 477933 63525 8.11519 10.08901 12.29969 1477566 12.5434 13.09 1.00000 213000 340690 43410 648027 832271 1040456 12.75726 15.4151 18.41975 62270 7.91200 9.78327 11850 14.16.77 16.72201 010199 7.52330 9.2000 1102047 1302104 1519233 20.05 100000 220000 164000 536300 741160 9.972 1291510 16.40 207900 25.950 13 75374 11 000 127262 1678504 2030372 359557 10.73549 1272276 16.08535 19.33730 6.2013 11.2507 1502345 19.34 25.00232 3125200 0 Riture Value of Anuty of 13.05 20.0 11 15.05 2034921 23.00167 12.15002 351050 15.05 195610 2271319 2621164 7009492 BOSS 39.1995 25.0% 256013 5420700 7 CASEY D60 14 15 ODDS29 9.0% 17.56029 2014072 229573 26.01919 29.3602 3300300 3697370 41.30134 15.01846 5116012 14.70000 138.30754 183771) 21.09530 2021492 27.15211 3026 37.75023 37.45024 41.44626 65.75190 7305 1132021 10.05 153117 21.39428 2452221 2797401 3177240 35.9093 051470 455717 5115909 57 27500 0034706 16449402 14.05 2304452 27.22095 3200065 3758107 13.34241 50 90035 11760 12.0% 20.65453 2413313 28.02051 12.39260 327971 42.75328 38.367 55.78971 63.090 72.05244 1333329 24133200 21010 2.65018 23.3040 3438771 4041746 46.67173 517100 672514 7074541 1094603 156.61994 293.10122 100051 COCO 50.986 5693949 405541 4750041 5571747 55 OP500 75.80535 121111 1024OS 21279302 4.74515 58 19592 7203511 174420 105905 12111667 154.74000 116000 4711100 110130157 19 20 25 20 109 6854 13.10055 1736 21LO 272 55576 342.96470 105.7110 132.1022 CHOY 71.56923 9102090 1317003 356.78 1441331 193.02001 MacBook Air 20 3.0 21 70 096305 Present Value of $1 Pored 1.0 V1010 2 3 097059 O NON 5 095142 097007 0.56260 091514 096154 09354 6:52 090103 0904 5.89000 OCOS TE 63200 0313 GRO CITO OLUCIO 08560 0.3213 0.03 ISORED OS) 0.96117 094232 0.97385 0.90573 08797 0.87056 0.85340 033576 0.02035 0.06251 0337 079200 07426 0.700 OSOS 5 SOTHO LESOTO BOLTO 08734 08160 075230 0712 056634 0.62375 05201 0549 0.500 031212 077101 07025 671672 0.74622 07104 06754 0.6451 7 091272 0.97348 9 091434 10 090523 Present Value of $1 Periode 1.ON 6.7720 074490 7197 3.69900 0752 07300 0.70258 06794 07041 0.76643 074405 055190 0680 20 3.0 WO 5.05 60% SANO 0.56468 LOWO 998280 3.71 0.66701 0.000 0.61966 59726 0570 0.00126 0.78543 077703 0.75738 0.74901 0.72845 0.71416 0.70016 0.77212 0.70130 395 0.66112 06418 0.62217 0605 063450 0.0005 05770 055525 053032 050502 052212 05583 053587 05137 0.58679 0. G4 0400 0.41721 2010 CESTO SHO 7.0 0.47500 0.000 041496 0.3712 0.3625 0.3372 031657 0.29556 0.27651 025842 0.150 013137 COWO 513 037135 35034 ESCEND 047275 045811 Q000 041552 01573 01769 CHINO 0.476 ISOLE 0587 057029 05536 0.47361 0.41199 0.5154 . 0.6789 0.39838 2010 0.67297 0.60953 0.55207 6334 OCTO 0.375 0.30 0.31180 02200 0.17411 OC 020 0213 11 01632 12 0.01745 13 0.86995 15 0.35135 16 085282 17 OBO 18 0.03602 19 0.2774 20 0.01954 25 0.77977 0.74193 Present Value of $1 Periods 8.0 1 0.92503 2 015734 0.79387 4 0.73503 5 0.68050 063017 0.5040 0.54027 9 0.50005 10 0.46319 Present Value of $1 Parede 30 3.0 12.01 15. 25.04 . 027719 CO 08030 0.30000 0.29280 0.79719 071171 00010 SICCO SO90 E 05700 10.05 09093 0.2645 0.75131 068301 0.62092 056447 050016 0.651 00410 0.38554 31.05 0.90050 031152 073119 065873 0.5345 653454 0616 0.43099 2 ESSES 09170 0:34168 077210 070145 064993 059627 054903 050187 04600 0.62241 0.25614 0.65752 57175 0.09718 0.0107 99200 051937 555 2100 9 06132 05.0275 02 0.42506 031616 CEREVO 05643 050063 045235 00388 16051 032197 VO 0.55200 040960 0.32750 02 0.29972 01777 13022 0.10737 2 633490 02710 0.23257 0.1931 616151 0371 0.32510 02000 024718 CODED ED 20751 02974 0.29655 30 10.0 11.0% 12.05 13.0 TEN 15. 100% 15.0 011216 0.01720 029584 0.35751 0.23199 020900 0.00590 006072 0053 0.0098 12 13 14 15 16 17 0.24070 0.23071 20416 Q.10 0.15900 COD 0.4233 0.39711 0.36720 0.34046 0.31524 0.2010 0.27027 0.25025 0.23171 0.21455 0.1002 DO 0.2010 0.25 0.22917 0.2012 018270 0.16912 0.14554 019004 11611 0.38750 0.35553 0.32618 029925 0.27454 025181 023107 0.2119 0.150 01730 11592 0.07537 0.25049 031363 020966 0.2333 0.23903 0.21750 019784 0.17900 016351 Q1854 09230 0:05731 0510 020756 10209 15971 025401 0.12225 1070 0.0454 08205 0.21 0.18691 16253 0.1430 012201 010686 0.029 0001 007027 006110 0.00 001510 0.07789 0.05431 0.05409 00452 SCOOD 0.1696 0.55202 . 01203 00731 0.0035 19 20 25 30 COCOLD 0.1001 0.0000 00070 004710 602557 0.02015 0.02252 001001 001441 601159 0.00370 000124 NED 0.0310 COM C0100 00041 005602 00033 603779 0.0195 Future Value of $1 1.ON 20 3.0 3. NE 3.0 OSOVO 10350 1,07641 11167 to 112356 167900 114 11100 10.000 108150 112 160 1.21665 COHEN 103000 104000 1.06131 10240 1.19100 L12616 1680 1.17166 19500 1219 103000 10.00 10071 12555 115927 119005 122987 126677 13047 T01000 2 102010 3 10300 4 104060 5 105101 106152 7 107214 100236 9 109345 10 110457 Future Value of 51 Period 1.0 9 1.70280 12471 12395 105000 110250 1150 120551 127628 134010 140710 1 1.55133 CESICA 0255 150073 1505 1.3159 141152 150353 150 123135 128340 1334 1.39511 145140 151421 CHE SIC ICE COLE CUCI 144504 145024 196715 20% 30 2.755 60 4.215 sos 7.0 11 Corti OCET 20 2233219 SHORE 20020 2119 220000 111567 1.12682 1.13803 114547 1.16097 1.1725 11600 1.19615 1 2011 1.22019 1820 134785 120024 129361 13194 1234567 12727 40024 142570 146153 151259 155797 160471 12 13 14 15 16 17 18 19 20 25 30 149922 15345 150378 1.6700 173709 110223 11001 1.37993 201260 2011 2.51017 2017 SCONSE 155 160103 166909 172168 100 137200 170 207582 21055 219112 246564 2040 1500 164703 11704 179087 12 15463 202505 2.11529 2.2010 229291 283075 171034 17506 15 197993 2.67893 2.10207 2.29200 24062 252655 26130 2007 20564 257053 27500 2916 1152 33700 161653 145001 141595 1.64061 181134 17020 1.75351 180611 209370 2.2720 a 220714 SCHE SO 76128 42194 5764 Future Value of 1 Perlede 8. 9.0 10.0 12 1 2 000601 145 1.14000 1200 100000 1.16 129971 2009 1.15000 GEET 300 30000 144000 2000 2073 14014 125000 16250 19500 2.44141 4 5 1010 129503 141150 15182 167710 122004 1.91256 13:08 113000 127690 14.90 163047 18444 20195 2.35261 265044 200104 1.10000 1.21000 113100 1.46430 1.61051 77156 19472 2.105 235795 253374 1.11000 12210 1.36753 151607 168506 1.87041 207616 230454 2.55804 112000 1.25640 140093 157352 1.76234 19712 2.3104 2475 2.77300 2.10585 158587 152000 17001 201136 23000 2.600 ISOT DHE 16196 192541 21947 250227 285255 3.25195 370722 17 2 350 C COESOT us 74505 2.36735 SHE 351788 404556 515970 1994 . . 13500 9 . 10 215192 Future Value of $1 Periode LON 11 233164 12 251317 271963 14 2.93719 15 217211 10.05 11.0 12.05 250 285312 SLISTE CIE 20.05 100 259610 100 12.03 15.00 155182 2271737 2017 95 HUSEYE 25000 201206 206500 34173 1600 397051 422763 1712 5.14144 504 162300 13.26760 349545 388320 4.31044 478450 531009 529509 6.54355 7.26334 205211 17 13.09 380586 433452 48901 553495 525422 706733 75010 9.0207 10.19742 115200 2123054 3311590 145227 27970 417775 450457 50547 559912 611591 6.72750 10.03471 17.00 100002 247155 3.1995 36345 488711 5.47357 613059 8.36604 79 -61275 8640020 17.00006 29.592 355774 422423 43190 5404 626035 7.11794 813725 27545 1057517 12055 12704 2646192 5095016 46522 535025 615279 707571 13700 9.1572 10.75124 1237545 1623177 16 32.95 662117 COME 2261 26.2010 55:51115 1570 6096 19 20 25 30 EU LISEN 531300 STE 100626 229230 23301 3146570 3022915
