Business, 24.04.2020 06:40 FlowerChild5037

As a result of a slowdown in operations, Tradewind Stores is offering employees who have been terminated a severance package of $109,000 cash paid today; $109,000 to be paid in one year; and an annuity of $37,000 to be paid each year for 5 years.
What is the present value of the package assuming an interest rate of 8 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.)

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