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Appendix C Homework 2 5 points 03:05.50 Saved Help Save & Exit Submit Check my work As a result of a slowdown in operations,
Appendix C Homework 2 5 points 03:05.50 Saved Help Save & Exit Submit Check my work As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package of $130,000 cash, another $130,000 to be paid in one year, and an annuity of $33,000 to be paid each year for 20 years. Use Excel to compute the present value of the complete package, assuming an interest rate of 9 percent. (Round your final answers to the nearest whole dollar amount.) eBook References Cash Payment Present value of $130,000 face value Present value of $33,000 annuity Total Excel values based on % % n
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