$[$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,$ FVA of $$1,$ and PVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

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.

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.

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.

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. $1.$ In transaction $($a$),$ determine the present value of the debt. $2-$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? $3.$ In transaction $($c$),$ determine the present value of this obligation. $4-$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?