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An accounting firm agrees to purchase a computer for $180,000 (cash on delivery) and the delivery date is in 270 days. How much do the
An accounting firm agrees to purchase a computer for $180,000 (cash on delivery) and the delivery date is in 270 days. How much do the owners need to deposit in an account paying 0.65% compounded quarterly so that they will have $180,000 in 270 days? (a) State the type. O future value O ordinary annuity O amortization O present value O sinking fund (b) Answer the question. (Round your answer to the nearest cent.) $
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