You have entered into an agreement for the purchase of land. The agreement specifies that...
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Accounting
You have entered into an agreement for the purchase of land. The agreement specifies that you will take ownership of the land Immedlately. You have agreed to pay $50,000 today and another $50,000 in three years. Calculate the total cost of the land today, assuming a discount rate of (a) 5%, (b) 7%, or (c) 9%. Note: Use tables, Excel, or a financlal calculator. Round your answers to 2 declmal places. (FV of $1,PV of $1,FVA of $1, and $1)
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