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. of $ of $ FVA of $ and PVA of $
tabletablePaymentAmounttableInterestRateCompounding,Period Due,tableTotal Cost of LandTodaya$Annually, years,
