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Calculate the present value in the money

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Reference no: EM132510722

Julie has just retired. Her company's retirement program has two options as to how retirement benefits can be received. Under the first option, Julie would receive a lump sum of $137,000 immediately as her full retirement benefit. Under the second option, she would receive $26,000 each year for seven years plus a lump-sum payment of $56,000 at the end of the seven-year period.

  • Use Excel or a financial calculator to solve. Round answers to the nearest dollar.

Required:

Question 1: Calculate the present value for the following assuming that the money can be invested at 14%.

Reference no: EM132510722

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