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You have entered into an agreement to purchase a local accounting firm. The agreement specifies you will pay the seller $ 1 2 4 ,

You have entered into an agreement to purchase a local accounting firm. The agreement specifies you will pay the seller $124,000 at the end of each year for six years. What is the cost today of the purchase, assuming a discount rate of (a)8%,(b)10%, or (c)12%? Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1)\table[[,\table[[Annuity],[Payment]],\table[[Annual],[Rate]],\table[[Interest],[Compounded]],\table[[Period],[Invested]],\table[[Present Value of],[Annuity]]],[a.,$124,000,8%,Annually,6 years,],[b.,124,000,10%,Annually,6 years,],[c.,124,000,12%,Annually,6 years,]]
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