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Business, 13.02.2020 20:51 drew1146

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $8,700 per month for the next three years, or you can have $7,400 per month for the next three years, along with a $39,500 signing bonus today. Assume the interest rate is 5 percent compounded monthly. If you take the first option, $8,700 per month for three years, what is the present value?

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