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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 $190,000 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 $190,000 cash, another $190,000 to be paid in one year, and an annuity of $39,000 to be paid each year for 20 years. Use financial calculator app to compute the present value of the complete package, assuming an interest rate of 7 percent. (Round your final answers to the nearest whole dollar amount.) Calculator values based on n = % Cash Payment Present value of $190,000 face value Present value of $39,000 annuity Total %

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