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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 $ 1 8
As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package
of $ cash, another $ to be paid in one year, and an annuity of $ to be paid each year for years. Use present
value tables to compute the present value of the complete package, assuming an interest rate of percent. Future Value of $
Present Value of $ Future Value Annuity of $ Present Value Annuity of $Use appropriate factors from the tables provided.
Round "Present Value" to nearest whole dollar amount.
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