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3. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.) On January
3. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.)
On January 1 of this year. Shannon Company completed the following transactions assume a 10% annual interest rate : A of $1. Py o $1. EVA$1 and P Ao $1) Use the appropriate factor(s) from the tables provided.) 1. Bought a delivery truck and agreed to pay $61,200 at the end of three years. 2. Rented an office building and was given the option of paying $11,200 at the end of each of the next three years or paying $29,200 immediately. 3. Established a savings account by depositing a single amount that will increase to $92,400 at the end of seven years. 4. Decided to deposit a single sum in the bank that will provide 10 equal annual year-end payments of $41,200 to a retired employee (payments starting December 31 of this year)
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