Question 7 (of 13) value 10.00 points On January 1 of this year, Shannon Company completed the following transactions (assume a 9% annual interest rate): (FV of $1. PV of 51. FVA or $1. and PVA of 51) (Use the appropriate tactors) from the tables provided a. Bought a delivery truck and agreed to pay $60,100 at the end of three years. b. Rented an office building and was given the option of paying $10,100 at the end of each of the next three years or paying $28 100 immediately c. Established a savings account by depositing a single amount that will increase to 590,200 at the end of seven years d. Decided to deposit a single sum in the bank that will provide 9 equal annual year-end payments of $40 100 to a retired employee (payments starting December 31 of this yean Required: 1. What is the cost of the truck that should be recorded the time of purchase? (Round your answer to nearest whole dollar.) Cost of the truck 2. Which option for the office building results in the lowest present value? Pay in three installments O Pay in single installment ho donosited in this account on January 1 of this year? (Round your answer to nearest whole dollar.) 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 Hints References eBook & Resources Hint #1 Check my work