http://lectures.mhhe.com/connect/0077493699/table11_4a.JPG Present value of annuity for $1

http://lectures.mhhe.com/connect/0077493699/table11_3A.JPG Future of Annuity for $1

http://lectures.mhhe.com/connect/0077493699/table_11_2a.jpg Present value of $1

http://lectures.mhhe.com/connect/0077493699/table11_1a.JPG Future value of $1

As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $106,000 cash paid today $106,000 to be paid in one year, and an annuity of $40,000 to be paid each year for 5 years. What is the present value of the package assuming an interest rate of 8 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