Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6 per period Periods FV of $1 PV of $1 FVA of $1 PVA of $1 1 1 0600 9434 2 0600 0 9434 2 1 1236 8900 3 1836 1 8334 3 1 1910 8396 4 3746 2 6730 4 1 2625 7921 5 6371 3 4651 5 1 3382 7473 6 9753 4 2124 As a result of a slowdown in operations, Cooper Stores is offering employees who have been terminated a severance package of $1310 cash paid today $1990 to be paid in three years and an annuity of $730 to be paid each year for 4 years What is the present value of the package assuming an interest rate of 6 percent

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Question: Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 6%

Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use)

Interest is 6% per period

Periods	FV of $1	PV of $1	FVA of $1	PVA of $1
1	1.0600	.9434	2.0600	0.9434
2	1.1236	.8900	3.1836	1.8334
3	1.1910	.8396	4.3746	2.6730
4	1.2625	.7921	5.6371	3.4651
5	1.3382	.7473	6.9753	4.2124

As a result of a slowdown in operations, Cooper Stores is offering employees who have been terminated a severance package of $1310 cash paid today; $1990 to be paid in three years; and an annuity of $730 to be paid each year for 4 years.

What is the present value of the package assuming an interest rate of 6 percent?

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