Question
As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $92,000 cash paid today;
As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $92,000 cash paid today; $92,000 to be paid in one year; and an annuity of $39,000 to be paid each year for 5 years.
What is the present value of the package assuming an interest rate of 10 percent?
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Credit Repair How To Repair Your Credit All By Yourself A Beginners Guide To Better Credit
Authors: Ernie Braveboy
1st Edition
1981032878, 978-1981032877
