E9-13 Computing Four Present Value Problems LO9-7 On January 1 of this year, Shannon Company completed the following transactions (assume a 10% annual interest rate): (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) 1. Bought a delivery truck and agreed to pay $60,000 at the end of three years. 2. Rented an office building and was given the option of paying $10,000 at the end of each of the next three years or paying $28,000 immediately. 3. Established a savings account by depositing a single amount that will increase to $90,000 at the end of seven years. 4. Decided to deposit a single sum in the bank that will provide 10 equal annual year-end payments of $40,000 to a retired employee (payments starting December 31 of this year). Required: 1. What is the cost of the truck that should be recorded at the time of purchase? (Round your answer to nearest whole dollar.) Cost of the truck $ 46,331 3. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.) Amount to deposit 4. What single sum must be deposited in the bank on January 1 of this year? (Round your answer to nearest whole dollar.) Amount to deposit