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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 5
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.
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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.
Present Value
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