Please help me to solve this problem RequirementDetermine the amount and type of financing component in the following contracts.(Click the icon to view the independent contracts)a. Payment of $2,200,000 occurs nine years after delivery when the interest rate is 5%. (Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using presentand future value tables, use factor amounts rounded to five decimal places, XXXXXXX Round your final answer to the nearest whole dollar)Amount1,418,140b. Payment of $2,200,000 occurs nine years before delivery when the interest rate is 5%. (Use the present value and future value tables, a financial calculator, or a spreadsheet for your calculations. If using presenand future value tables, use factor amounts rounded to five decimal places, XXXXXXX Round your final answer to the nearest whole dollar)Financing ComponentAmountIndependent contractsFinancing ComponentInterest RevenueInterest Expensec. Delivery is twelve years after payment of $1,200,000 when the interest rate is 10%. (Use the pfuture value tables, use factor amounts rounded to five decimal places, X.XXXXX. Round your firFinancing ComponentAmountd. Delivery is twelve years before payment of $1,200,000 when the interest rate is 10%. (Use theand future value tables, use factor amounts rounded to five decimal places, XXXXXX Round yoFinancing ComponentAmounta. Payment of $2,200,000 occurs nine years after delivery when the interest rate is 5%.b. Payment of $2,200,000 occurs nine years before delivery when the interest rate is 5%.c. Delivery is twelve years after payment of $1,200,000 when the interest rate is 10%.d. Delivery is twelve years before payment of $1,200,000 when the interest rate is 10%.PrintDoneX

Future value of payment include the amount being deposited and interest being accumulated over the…

etermine the amount and type of financing component in the following contracts. (Click the icon to view the independent contracts.) Payment of $2,200,000 occurs nine years after delivery when the interest rate is 5%. (Use the present value and future value tables, a finane and future value tables, use factor amounts rounded to five decimal places, XXXXXX Round your final answer to the nearest whole dollar) Amount Financing Component Interest Revenue 1,418,140 Payment of $2,200,000 occurs nine years before delivery when the interest rate is 5%. (Use the present value and future value tables, a fina and future value tables, use factor amounts rounded to five decimal places, XXXXXXX Round your final annanr to the nearest whole dollar) Financing Component Amount nterest Expense Independent contracts Delivery is twelve years after payment of $1,200,000 when the interest rate is 10%. (Use the p sture value tables, use factor amounts rounded to five decimal places, X.XXXXX. Round your fir Financing Component Amount a. Payment of $2,200,000 occurs b. Payment of $2,200,000 occurs n e. Delivery is twelve years after par d. Delivery is twelve a before c