You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arr

[answerhappygod]

You’ve just joined the investment banking firm of Dewey,
Cheatum, and Howe. They’ve offered you two different salary
arrangements. You can have $7,500 per month for the next three
years, or you can have $6,200 per month for the next three years,
along with a $33,500 signing bonus today. Assume the interest rate
is 5 percent compounded monthly.
If you take the first option, $7,500 per month for three years,
what is the present value? (Do not round intermediate
calculations and round your answer to 2 decimal places, e.g.,
32.16.)