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smith company has purchased a new office building. the company has agreed to pay developer $50,000 27, Smith Company has purchssed a new office building.

smith company has purchased a new office building. the company has agreed to pay developer $50,000image text in transcribed

27, Smith Company has purchssed a new office building. The company has agreed to pay the developer 550,000 anmually for 7 yearn Using present valoe techniqnes, determine the value that should be recorded for the building when it is punchased Assume a 6 percent annual interest rate

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