You have entered into an agreement for the purchase of land. The agreement specifies that you will take ownership of the land immediately. You have agreed to pay $33,000 today and another $33,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 3 %, (b) 5%, or (c) 7 %. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places.) Payment Amount Interest Rate Compounding Period Due Total Cost of Land Today a $ 33,000 3% Annually 3 years b. 33,000 5% Annually 3 years C. 33,000 7% Annually 3 years