Question

you have been offered two different salary arrangements. You can have $149,000 per year for the next two years, or

you can have $55,000 per year for the next two years, along with a $35,000 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year.

a) If the interest rate is 6 percent compounded monthly, what is the present value of the first arrangement? $

b) If the interest rate is 6 percent compounded monthly, what is the present value of the second arrangement? $

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