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 $23,000 to be paid each year for 10 years
What is the present value of the package assuming an interest rate of 11 percent?
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Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits
Authors: M Dillon, C Griffith
1st Edition
1855734508, 978-1855734500
