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really need help dont know how to do this Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being
really need help dont know how to do this
Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance package of $119,000 cash, another $130,000 to be paid in one year, and an annulty of $28,500 to be paid each year for four years with the first payment coming at the end of this year. (FV of \$1. PV of \$1. FVA of \$1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. What is the present value of the total severance package, assuming an annual interest rate of 7 percent? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar. Present Value or $1 Step by Step Solution
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