20.

20. On January 1 0 this year, Shannon Company completed the 11 wing ransactions assume a 9% annual interest rate , and P 1) Use the appropriate facto s from the tables pr vided 0 0 .0 0 a. Bought a delivery truck and agreed to pay $61,900 at the end of three years. b. Rented an office building and was given the option of paying $11,900 at the end of each of the next three years or paying $34,000 immediately. C. Established a savings account by depositing a single amount that will increase to S93.800 at the end of seven years. d. Decided to deposit a single sum in the bank that will provide 9 equal annual year-end payments of $41,900 to a retired employee (payments starting December 31 of this year) Required: 1. What is the cost of the truck that should be recorded at the time of purchase? (Round your answer to nearest whole dollar.) 2. Which option for the office building results in the lowest present value? Pay in three installments Pay in single installment 3. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar 4. What single sum must be deposi the bank on January 1 of this year? (Round your answer to nearest whole dollar.,)