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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 $91,000 cash paid
As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $91,000 cash paid today; $91,000 to be paid in one year; and an annuity of $23,000 to be paid each year for 6 years. What is the present value of the package assuming an interest rate of 8 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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