as a result of a Slowdown in operations, Tradewinds stores is offering employees who have been terminated a severance package of $101,000 cash paid today. 100 $1,000 to be paid in one year, and an annuity of $37,000 to be paid each year for 8 years. What is the present value of the package is assuming an interest rate of 11%?

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CH 11 Qutz Instructions t help Question 7 (of 10) Save & Exit Submit Time remaining 0:39-23 7 As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $101,000 cash paid today $101,000 to be paid in one year, and an annuity of $37,000 to be paid each year for 8 years What is the present value of the package assuming an interest rate of 11 percent? Annuity of$1.) (Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar.) Present Value Macro I Sc2 1080 30 29. Chapter 10 test bank. Microsoft Study Notes Word