As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance pac

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As A Result Of A Slowdown In Operations Tradewind Stores Is Offering Employees Who Have Been Terminated A Severance Pac 1 (18.16 KiB) Viewed 39 times

As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $107.000 cash paid today: $107,000 to be paid in one year, and an annulty of $21,000 to be paid each year for 7 years. What is the present value of the package assuming an interest rate of 11 percent? (Euture 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