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Julie has just retired. Her company's retirement program has two options as to how retirement benets can be received. Under the rst option, Julie would receive a lump sum of $132,000 immediately as her full retirement benet. Under the second option, she would receive $15,000 each year for fteen years plus a lump-sum payment of $51,000 at the end ofthe fteen-year period. Use Excel or a nancial calculator to solve. Round answers to the nearest dollar. Required: 1a. Calculate the present value for the following assuming that the money can be invested at 14%. Total present value |