a) You have just joined the investment banking firm of H-O & Co. They have offered you two different salary arrangements. You can have $75,000 per year at the end of each the next two years, or you can have $55,000 per year at the end of each of the next two years along with a $30,000 signing bonus today. If the interest rate is 12% annual, compounded monthly, which is a better offer? b) You are planning to buy a car worth $20,000. Which of the two deals described below would you choose, both with a 48-month term? The dealer offers to take 10% off the price and lends you the balance at an APR of 9%, monthly compounding. The dealer offers to lend you $20,000 (with no discount) at an APR of 3%, monthly compounding.