Question: use excel to solve. Your client was terminated today from his CEO position at State Avenue. Under the terms of his severance agreement, he will

use excel to solve.

Your client was terminated today from his CEO position at State Avenue. Under the terms of his severance agreement, he will receive a severance package consisting of a payment today of $2,200,000, and then annual payments of $500,000 each for 5 years, with the first of the payments occurring precisely 4 years from today. If you use a discount rate of 3.91%, what is the present value (i.e., value as of today) of the settlement

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