Stone Company is facing several decisions regarding investing and financing activities. Address

each decision independently.

On June $30,2024,$ the Stone Company purchased equipment from Paper Corporation.

Stone agreed to pay $$21,000$ on the purchase date and the balance in six annual

installments of $$9,000$ on each June $30$ beginning June $30,2025.$ Assuming that an

interest rate of $12\%$ properly reflects the time value of money in this situation, at what

amount should Stone value the equipment?

Stone needs to accumulate sufficient funds to pay a $$510,000$ debt that comes due on

December $31,2029.$ The company will accumulate the funds by making five equal annual

deposits to an account paying $8\%$ interest compounded annually. Determine the required

annual deposit if the first deposit is made on December $31,2024.$

On January $1,2024,$ Stone leased an office building. Terms of the lease require Stone to

make $10$ annual lease payments of $$131,000$ beginning on January $1,2024.$ A $12\%$ interest

rate is implicit in the lease agreement. At what amount should Stone record the lease

liability on January $1,2024,$ before any lease payments are made?

Note: For all requirements, Use tables, Excel, or a financial calculator. $($FV of $$1,$ PV of $$1,$ FVA

of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)$

Complete this question by entering your answers in the tabs below.

On June $30,2024,$ the Stone Company purchased equipment from Paper Corporation. Stone agreed $t_1$

purchase date and the balance in six annual installments of $$9,000$ on each June $30$ beginning June $3$

an interest rate of $12\%$ properly reflects the time value of money in this situation, at what amount sh

equipment?

Note: Round your final answers to nearest whole dollar amount.