1.Your opportunity cost of funds can be expressed as 6% per year, compounded quarterly. Assume now that the internship pays $8,000 per month (paid at the end of the month.)What is the value today of the salary?

a.$23,787.34

b.$23,763.17

c.$21,334.15

d.$21,212.88

1.Your opportunity cost of funds can be expressed as 6% per year, compounded quarterly. Which compensation scheme is preferable: the 3mth plan detailed in #13 or the monthly plan detailed in #14?

a.The plan in #13 is preferred

b.The plan in #14 is preferred

c.Neither is preferred

d.Both are equally preferred