Twenty-one equal end-of-year deposits are made into a savings account that pays 4% interest. compute the amount of each deposit that permits equal withdrawals of $10,000 at the end of the 18th through 21st years, leaving the account empty. include a cashflow diagram with your solution write down full steps you

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.