Required information [The following information applies to the questions displayed below.] On...
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Required information The following information applies to the questions displayed below. On January Boston Company completed the following transactions use a annual interest rate for all transactions: FV of $ PV of $ FVA of $ and PVA of $ Note: Use appropriate factors from the tables provided. a Promised to pay a fixed amount of $ at the end of each year for eight years and a onetime payment of $ at the end of the th year. b Established a plant remodeling fund of $ to be available at the end of Year A single sum that will grow to $ will be deposited on January of this year. c Agreed to pay a severance package to a discharged employee. The company will pay $ at the end of the first year, $ at the end of the second year, and $ at the end of the third year. d Purchased a $ machine on January of this year for $ cash. A fiveyear note is signed for the balance. The note will be paid in five equal yearend payments starting on December of this year. a In transaction b what single sum amount must the company deposit on January of this year? b What is the total amount of interest revenue that will be earned? 
Required information
The following information applies to the questions displayed below.
On January Boston Company completed the following transactions use a annual interest rate for all transactions:
FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
a Promised to pay a fixed amount of $ at the end of each year for eight years and a onetime payment of
$ at the end of the th year.
b Established a plant remodeling fund of $ to be available at the end of Year A single sum that will grow to
$ will be deposited on January of this year.
c Agreed to pay a severance package to a discharged employee. The company will pay $ at the end of the first
year, $ at the end of the second year, and $ at the end of the third year.
d Purchased a $ machine on January of this year for $ cash. A fiveyear note is signed for the balance.
The note will be paid in five equal yearend payments starting on December of this year.
a In transaction b what single sum amount must the company deposit on January of this year?
b What is the total amount of interest revenue that will be earned?
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