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i need help with the blanks i didnt fill Julie has just retired. Her company's retirement program has two options as to how retirement benefits
i need help with the blanks i didnt fill
Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $135,000 immediately as her full retirement benefit. Under the second option, she would receive $18,000 each year for twelve years plus a lump-sum payment of $54,000 at the end of the twelve-year period. Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factors) using tables Required 1a. Calculate the present value for the following assuming that the money can be invested at 11% (Use the appropriate table to determine the discount factor(s).) Present Value of First Option Discount Cash Flow Present Value Factor Lump-sum payment ?$ 135,000! 1.000S 135,000 Present Value of Second Option Cash Flowx Discount Factor Present Value Annual annuity Lump-sum payment $ Total present value 18,000x 54,000 xStep by Step Solution
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