Business, 06.12.2019 06:31 marciamwilliamp31fz6
As a result of a slowdown in operations, tradewind stores is offering employees who have been terminated a severance package of $100,000 cash paid today; $50,000 to be paid in one year; and an annuity of $20,000 to be paid each year for 20 years. what is the present value of the package assuming an interest rate of 6 percent?
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