In Problems 20-52: a. State the type; and (mathbf{b}). Answer the question. An accounting firm agrees to
Question:
In Problems 20-52:
a. State the type; and \(\mathbf{b}\). Answer the question.
An accounting firm agrees to purchase a computer for \(\$ 150,000\) (cash on delivery), and the delivery date is in 270 days. How much do the owners need to deposit in an account paying \(0.75 \%\) compounded quarterly so that they will have \(\$ 150,000\) in 270 days?
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