what is the purchase price if benjamin purchases a commercial building on 1/1/2011 and agrees to pay the purchase price in seven installments of $16,000 with the first payment is due on 1/1/2012. assuming an annual compounded implicit rate of 8%, what is the purchase price? (pv annuity due of 1 is 5.62288) (fv ordinary annuity of 1 is 8.92280) (pv ordinary annuity of 1 is 5.20637) (fv of annuity due of 1 is 9.63660)
