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 Arr 1 (42.08 KiB) Viewed 12 times

You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $8,600 per month for the next two years, or you can have $7,300 per month for the next two years, along with a $39,000 signing bonus today. Assume the interest rate is 6 percent compounded monthly. a. If you take the first option, $8,600 per month for two years, what is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value of the second option? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value of first option $ 136,244.00 b. Value of second option $ 132,208.00