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An accounting firm agrees to purchase a computer for $170,000 (cash on delivery) and the delivery date is in 270 days. How much do the
An accounting firm agrees to purchase a computer for $170,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.55% compounded quarterly so that they will have $170,000 in 270 days? (a) State the type. O amortization sinking fund o ordinary annuity O present value O future value (b) Answer the question. (Round your answer to the nearest cent.)
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