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As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $108.000 cash paid
As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $108.000 cash paid today: $108.000 to be paid in one year, and an annuity of $32.000 to be paid each year for 8 years. What is the present value of the package assuming an interest rate of 10 percent? (Euture Value of $1. Present Value of $1. Euture Value Annuity of $1. Present Value Annuity.of $1) (Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar.) Answer is complete but not entirely correct. Present Value S 347,750 Retur
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