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Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is
Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 8% per period Periods FV of $1 PV of $1 FVA of $1 PVA of $1 1 1.0600 9434 2.0600 0.9434 2 1.1236 8900 3.1836 1.8334 3 1.1910 8396 4.3746 2.6730 4 1.2625 7921 5 1.3382 7473 5.6371 6.9753 3.4651 42124 1 points As a result of a slowdown in operations, Cooper Stores is offering employees who have been terminated a severance package of $1310 cash paid today: $1990 to be paid in two years; and an annuity of $730 to be paid each year for 5 years. What is the present value of the package assuming an interest rate of 6 percent?
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