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Return to question As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of
Return to question As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $104,000 cash paid today; $104,000 to be paid in one year; and an annuity of $33,000 to be paid each year for 6 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.) > Answer is complete but not entirely correct. Present Value $ 241,725 x
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