46) All of the following are conditions for an ordinary annuity except A) the future value dollar amount is equal to the present value dollar amount B) the time periods between the cash flows are the same length C) periodic cash flows must be equal in amount D) interest is compounded at the end of each time period 47) Zendor Company wants to have $200,000 available in August 2021 to make an equipment purchase. To be able to have this amount available, Zendor will make equal annual deposits in an investment account earning 12% annually in June 2017, 2018, 2019, 2020, and 2021, what is the dollar amount that must be deposited each of those years to achieve this objective? A) $22,700 B) $31,480 C) $40,000 D) $55,480 48) Bangin Inc. financed the purchase of a machine by making ten annual payments of $13,000 with the first payment due today. The purchase cost of the machine is considered to be the present value of those payments. What was the purchase c ost of the machineto Bangin assuming a discount rate of 9%? A) $59,633 B) $75,467 C) $83,429 D) $90,938 49) Suppose you borrow money from your parents for college tuition on January 1, 2015. Your parents require four annual payments of $10,000 each, with the first payment due on January 1, 2019. They are charging you 6% annual interest. What is the cost of the college tuition? A) $40,000 B) $29,094 C) $27,447 D) $15,939 50) On January 1, Yu mati Electric borrows $333,333 at an interest rate of 6% today and will repay this amount by making 16 semiannual payments beginning May 31. What is the approximate amount of the payments that Yumati will need to make? A) $32,984 B) $32,378 C) $26,537 D) $25,764