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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
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 $134,000 immediately as her full retirement benefit. Under the second option, she would receive $28,000 each year for five years plus a lump-sum payment of $53,000 at the end of the five-year period. Calculate the present value for the following assuming that the money can be invested at 12%. (Round discount factor(s) to 3 decimal places.)
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