An accounting firm has ordered 60 new computers at a cost of $1657 each. The...
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An accounting firm has ordered 60 new computers at a cost of $1657 each. The machines will not be delivered for 5 months. What amount could the firm deposittoday in an account paying 3.33% simple interest to have enough money to pay for the machines in 5 months?The present value PV of a future amount of FV dollars at a simple interest rate r for t years is given by which formula?A. PV=FV(1 + rt)B. PV=FVc. PV=rt(1 + FV)FV1 + rtD. PV=The firm should deposit $(Round to the nearest cent as needed.)
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