Using only the factors provided in this table below (do not use excel, a scientific...
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Accounting
Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 4% per period If $3,500 is put in a savings account each year paying interest of 4% compounded annually, what amount will be in the account at the end of 5 years? Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 5% per period As a result of a slowdown in operations, Cooper Stores is offering employees who have been terminated a severance package of $1,140 cash paid today; $1,660 to be paid in two years; and an annuity of $670 to be paid each year for 5 years. What is the present value of the package assuming an interest rate of 6 percent


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