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Please help. I am so confused. As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance
Please help. I am so confused. As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $109,000 cash paid today: $109,000 to be paid in one year, and an annuity of $20,000 to be paid each year for 8 years. What is the present value of the package assuming an interest rate of 11 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
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