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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 $100,000 cash pald today;
As a result of a slowdown In operations, Tradewind Stores Is offering employees who have been terminated a severance package of $100,000 cash pald today; $100,000 to be paid in one year; and an annuity of $34,000 to be paid each year for 9 years. What Is the present value of the package assuming an Interest rate of 10 percent? (Future Value of $1, Present Value of $1, Future 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.) Present Value
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