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You have entered into an agreement to purchase a local accounting firm. The agreement specifies you will pay the seller $189,000 each year for six

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You have entered into an agreement to purchase a local accounting firm. The agreement specifies you will pay the seller $189,000 each year for six years. What is the cost today of the purchase, assuming a discount rate of (a) 7\%, (b) 9%, or (c) 11\%? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of \$1: PV of \$1, FVA of \$1, and PVA of \$1)

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