3. 2.112 Summit Metals is planning to expand a local manufacturing operation 5 years from now at a cost of $100,000. If the company plans to deposit money into an account each year for 4 years beginning 2 years from now (i.e., first deposit is in year 2) to pay for the expansion, the equation that represents the amount of the deposit at 9% per year interest is 1. A = 100,000(A/F,9%,5)

2. A = 100,000(A/F,9%,4)

3. A = 100,000(A/P,9%,4)

4. A = 100,000(A/F,9%,4)(P/F,9%,1)