After graduating from Yorkville University with a BBA, you have received multiple job offers from top Canadian investment firms. These firms truly appreciated your work ethic as well as your honesty as you have never cheated or plagiarized during your studies at the University.

• Investment firm A has offered you a salary structure where by you will receive $190,000 at the end of each year for the next two years.

• Investment firm B has offered you a salary structure where by you will receive $175,000 at the end of each year for the next two years, plus a $29,000 signing bonus to be paid immediately.

The interest rate is 8% compounded monthly. Which Investment Firm offers you the better salary structure, and by how much? Show all your work.