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Sebastopol Movie Theater will need $180,000 in 5 years to replace the seats. What deposit should be made today in an account that pays 0.8%

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Sebastopol Movie Theater will need $180,000 in 5 years to replace the seats. What deposit should be made today in an account that pays 0.8% compounded semiannually? (a) State the type. O present value of an annuity O present value O sinking fund o ordinary annuity O amortization (b) Answer the question. (Round your answer to the nearest cent.)

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