Calculate the present value for the assuming that

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Problem

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 $134,000 immediately as her full retirement benefit. Under the second option, she would receive $28,000 each year for five years plus a lump-sum payment of $53,000 at the end of the five-year period.

Calculate the present value for the following assuming that the money can be invested at 12%.

Reference no: EM131891179

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