An accounting firm has ordered 60 new computers at a cost of

Last updated: 8/8/2022

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 deposit today 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= FV c. PV=rt(1 + FV) FV 1 + rt D. PV= The firm should deposit $ (Round to the nearest cent as needed.)