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help As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $104,000 cash paid
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As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $104,000 cash paid today: $104,000 to be paid in one year, and an annuty of $33,000 to be paid each year for 3 years. Required: What is the present value of the package assuming an interest rate of 12 percent? (Future Value of $1, Present Vatue of \$1. Future Value Annuity of \$1. Present Value Annuity of \$1.) Note: Use appropriate factor(s) from the tables provided. Round the final answer to nearest whole dollar Step by Step Solution
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