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Award: 4.00 points As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $107,000

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Award: 4.00 points As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $107,000 cash paid today; $107,000 to be paid in one year; and an annuity of $33,000 to be paid each year for 3 years. What is the present value of the package assuming an interest rate of 11 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 References

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