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(0) On January 1 of this year, Skamania Company completed the following transactions (assume a 10% annual interest rate): (FV of $1, PV of $1,
(0) On January 1 of this year, Skamania Company completed the following transactions (assume a 10% annual interest rate): (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use the appropriate factor(s) from the tables provided. Bought a delivery truck and agreed to pay $60,300 at the end of three years. Rented an office building and was given the option of paying $10,300 at the end of each of the next three years or paying $28,300 immediately. Established a savings account by depositing a single amount that will increase to $90,600 at the end of seven years. Decided to deposit a single sum in the bank that will provide 10 equal annual year-end payments. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.)
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