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An accounting firm agrees to purchase a computer for $150,000 (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% compound quarterly so that they will have $150,000 in 270 days?

A. state a type -present value - future value- sinking value- amortization- ordinary annuity b. $______________?

0/2 POINTS PREVIOUS ANSWERS SMITHNM13 11.7.034. MY NOTES An accounting firm agrees to purchase a computer for $150,000 (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 $150,000 in 270 days? (a) State the type. O present value O future value O sinking fund O amortization O ordinary annuity (b) Answer the question. (Round your answer to the nearest cent.) Viewing Saved Work Revert to Last Response Submit Answer 10. -/2 POINTS SMITHNM13 11.7.040. MY NOTES Certain Concrete Company deposits $3,000 at the end of each quarter into an account paying 5% interest compounded quarterly. What is the value of the account at the end of 7 years? (a) State the type. O present value O ordinary annuity O sinking fund O amortization O none of these (b) Answer the question. (Round your answer to the nearest cent.)

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