You have decided to buy a used car. The dealer has offered you two options: (FV of \$1, PV of \$1, FVA of \$1, and PVA of \$1) Note: Use the appropriate factor(s) from the tables provided. a. Pay $520 per month for 30 months and an additional $12,000 at the end of 30 months. The dealer is charging an annual interest rate of 24 percent. b. Make a one-time payment of $16,921, due when you purchase the car. Required: 1-a. Determine how much cash the dealer would charge in option (a). Note: Round your intermediate calculations and final answer to 2 decimal places. 1.b. In present value terms, which offer is a better deal? 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) Note: Use appropriate factor(s) from the tables provided. a. Promised to pay a fixed amount of $7,500 at the end of each year for nine years and a one-time payment of $118,000 at the end of the 9 th year. b. Established a plant remodeling fund of $492,250 to be available at the end of Year 10. A single sum that will grow to $492,250 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $76,500 at the end of the first year, $114,000 at the end of the second year, and $151,500 at the end of the third year. d. Purchased a $177,500 machine on January 1 of this year for $35,500 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. Required: 1. In transaction (a), determine the present value of the debt. Note: Round your intermediate calculations and final answer to nearest whole dollar