An accounting firm agrees to purchase a computer for $110,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.95% compounded quarterly so that they will have $110,000 in 270 days? (a) State the type ordinary annuity amortization future value sinking fund present value (b) Answer the question. (Round your answer to the nearest cent.)