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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
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 $ today and another $ in three years. Calculate the total cost of the land today, assuming a discount rate of ab or c
Note: Use tables, Excel, or a financial calculator. Do not round your intermediate values. Round your answers to decimal places.
FV of $ PV of $ FVA of $ and PVA of $
tabletablePaymentAmounttableInterestRateCompounding,Period Due,tableTotal Cost of LandTodaya$Annually, years,$
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