Please help me find the anual payment and interest expense

Required information [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) (Use the appropriate factor(s) from the tables provided.) a. Borrowed $116,000 for eight years. Will pay $6,500 interest at the end of each year and repay the $116,000 at the end of the 8th year. b. Established a plant remodeling fund of $490,750 to be available at the end of Year 9. A single sum that will grow to $490,750 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,500 at the end ofthe first year, $113,000 at the end of the second year, and $150,500 at the end of the third year. d. Purchased a $172,500 machine on January 1 of this year for $34,500 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. 4-3. In transaction (c0, 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? $ 39,608