Global stores is downsizing and must let some employees go


Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance package of $126,000 cash, another $137,000 to be paid in one year, and an annuity of $35,500 to be paid each year for seven years with the first payment coming at the end of this year. What is the present value of the total severance package, assuming an annual interest rate of 6%?

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Financial Accounting: Global stores is downsizing and must let some employees go
Reference No:- TGS01697683

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