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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 $220,000 cash, another

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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 $220,000 cash, another $220,000 to be paid in one year, and an annuity of $42,000 to be paid each year for 20 years. Use the financial calculator app 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.) Calculator values based on i n Cash Payment Present value of $220,000 face value Present value of $42,000 annuity Total % %

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