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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 $36,000 to be paid each year for 7 years. Required: What is the present value of the package assuming an interest rate of 9 percent? FFuture Value of \$1, 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. 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 $36,000 to be paid each year for 7 years. Required: What is the present value of the package assuming an interest rate of 9 percent? FFuture Value of \$1, 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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