After 4 years of hard work, 23 - year old Jake graduated with his bachelors degree in finance and started job hunting. After several interviews, he has secured two job offers:

Offer from RBC: In the offer from RBC, the starting annual salary is $65,000 and RBC promises that Jake can expect 2.5% annual salary growth.

Offer from TD Bank: In the offer from TD Bank, the starting annual salary is $70,000 and TD promises that Jake can expect 1.5% annual salary growth. In addition, TD will award a one time loyalty bonus of $30,000 on the 25th year anniversary if any employee works at TD for over 25 years ,and another $50,000 bonus on the 35th year anniversary.

Assuming that Jake will stay with one employer until he retires at age of 65, which job offer should Jake take given a 4% annual interest rate (APR)?