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Global Stores is downsizing and must let some employees go . Employees volunteering to leave are being offered a severance package of $ 1 2
Global Stores is downsizing and must let some employees go Employees volunteering to leave are being offered a severance package of $ cash, another $ to be paid in one year, and an annuity of $ to be paid each year for six years with the first payment coming at the end of this year. FV of $ PV of $FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
What is the present value of the total severance package, assuming an annual interest rate of percent?
Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar.
Present value
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