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CH6Hw #2 0 4 You've just joined the Investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can

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CH6Hw #2 0 4 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 pald in equal amounts at the end of each month. 0.3 If the interest rate Is 7 percent compounded monthly, what is the PV for both the Book options? (Do not round intermedlate calculations and round your answers to 2 declmal places, e.g, 32.16.) ReferencesOption1 Option 2 KPrev 4 of 8Next 898 3 5 7

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