b. Established a plant remodeling fund of $492,550 to be available at the end of Year...

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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. P9-10 Part 2 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? Complete this question by entering your answers in the tabs below. Req 2a Req 2b In transaction (b), what single sum amount must the company deposit on January 1 of this year? Note: Round your answer to nearest whole dollar. Amount to deposit 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. P9-10 Part 2 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? Complete this question by entering your answers in the tabs below. Req 2a Req 2b In transaction (b), what single sum amount must the company deposit on January 1 of this year? Note: Round your answer to nearest whole dollar. Amount to deposit

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Plant Remodeling Fund Calculation b We need to find the Present Value PV of a f... View the full answer