Question 3 (5 points) PV of a Series of Equal Sums (annuity): Shaw Company purchased equipment...

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Question 3 (5 points) PV of a Series of Equal Sums (annuity): Shaw Company purchased equipment by signing a note that requires payment of $800 at the end of each month for the next 40 months. The implied interest rate is 5.25%. At what cost should this equipment be recorded? Example of Answer: 546.96 or 546.90 or 546.00 Two decimal points. No comma, space or $ sign. Answer= A Question 3 (5 points) PV of a Series of Equal Sums (annuity): Shaw Company purchased equipment by signing a note that requires payment of $800 at the end of each month for the next 40 months. The implied interest rate is 5.25%. At what cost should this equipment be recorded? Example of Answer: 546.96 or 546.90 or 546.00 Two decimal points. No comma, space or $ sign. Answer= A