Business, 27.03.2020 00:42 kirsten8605

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $6,100 per month for the next two years, or you can have $5,100 per month for the next two years, along with a $25,000 signing bonus today. Assume the interest rate is 7 percent compounded monthly. a. If you take the first option, $6,100 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.)

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