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36. Page 157 Comparing Cash Flow Streams [LO1] You've just joined the investment banking firm of Dewey, Chestum, and Howe. They've offered you two different

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36. Page 157 Comparing Cash Flow Streams [LO1] You've just joined the investment banking firm of Dewey, Chestum, and Howe. They've offered you two different salary arrangements. You can have $85,000 per year for the next two years, or you can have $74,000 per year for the next two years, along with a $20,000 signing bonus Today The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 7 percent compounded monthly, which do you prefer? X Page 157 Comparing Cash Flow Streams (LOT] You've just joined the investment banking firm of Dewey. Cheatum, and Howe. They've offered you two different salary arrangements. You can have $85,000 per year for the next two years, or you can have $74,000 per year for the next two years, along with a $20,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the

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