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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 $ 1 0 9
As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of
$ cash paid today; $ to be paid in one year; and an annuity of $ to be paid each year for years.
Required:
What is the present value of the package assuming an interest rate of percent? Future Value of $ Present Value of $ Future Value
Annuity of $ Present Value Annuity of $
Note: Use appropriate factors from the tables provided. Round the final answer to nearest whole dollar.
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