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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 $99,000 cash paid today;

As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $99,000 cash paid today; $99,000 to be paid in one year; and an annuity of $32,000 to be paid each year for 9 years.

image text in transcribed As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $99,000 cash paid today; $99,000 to be paid in one year; and an annuity of $32,000 to be paid each year for 9 years. Required: What is the present value of the package assuming an interest rate of 9 percent? Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar

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