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As a result of a slowdown in operations. Mercantile Stores is offering to employees who have been terminated a severance package of $290,000 cash,
As a result of a slowdown in operations. Mercantile Stores is offering to employees who have been terminated a severance package of $290,000 cash, another $290,000 to be paid in one year, and an annuity of $49,000 to be paid each year for 20 years. Use Excel to compute the present value of the complete package, assuming an interest rate of 10 percent. (Round your final answers to the nearest whole dollar amount.) Cash Payment Present value of $290.000 face value Present value of $49.000 annuity Total Answer is not complete. Excel values based on n- S 290.000 10% 10 263.636 10% 20
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