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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 $98,000 cash paid today,
As a result of a slowdown in operations. Tradewind Stores is offering employees who have been terminated a severance package of $98,000 cash paid today, $98,000 to be paid in one year; and an annuity of $35,000 to be paid each year for 6 years. Required: What is the present value of the package assuming an interest rate of 11 percent? Euture Value of $1. Present Value of $1. Euture Value Annuity of \$1. Present Value Annuitv of $1 ) Note: Use oppropriate foctor(s) from the tables provided. Round the final answer to nearest whole dollor
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