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Question 3 (5 points) ABC company is going to purchase a building. They agree to pay $100,000 at the end of each year for 10

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Question 3 (5 points) ABC company is going to purchase a building. They agree to pay $100,000 at the end of each year for 10 years. The going rate of interest is 5%. Present Value (PV) and Future Value (FV) Factors from a table are: FV of 1: for 5% and 10 periods = 1.62889 PV of 1: for 5% and 10 periods = .63191 FV of Ordinary Annuity: for 5% and 10 periods = 12.57789 PV of Ordinary Annuity: for 5% and 10 periods = 7.72173 A. What should they record as the cost of the building? Show computation. B. What is the total interest that is implied over the full ten years of payments? Show computation

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