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how do u solve the rest? As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a
how do u solve the rest?
As a result of a slowdown in operations, Mercantile Stores is offering to employees who have been terminated a severance package of $210,000 cash, another $210,000 to be paid in one year, and an annuity of $41,000 to be paid each year for 20 years. Use the financial calculator app to compute the present value of the complete package, assuming an interest rate of 9 percent. (Round your final answers to the nearest whole dollar amount.) Calculator values based on $ 210,000 1 Cash Payment Present value of $210,000 face value Present value of $41,000 annuity Total 91% 91% 20 Step by Step Solution
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