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An accounting firm agrees to purchase a computer for $140,000 (cash on delivery) and the delivery date is in 270 days. How much do the
An accounting firm agrees to purchase a computer for $140,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.85% compounded quarterly so that they will have $140,000 in 270 days? (a) State the type. future value O sinking fund O ordinary annuity O amortization O present value (b). Answer..the.question. (Round your answer to the nearest cent.)
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