Question
For Excel Please! Including formulas! You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You
For Excel Please! Including formulas!
You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $75,000 per year for the next two years or you can have $64,000 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% compounded monthly what is the OV for both the options? Round answers to 2 decimal places.
Years for contract - 2 (D6)
Periods per Year- 12 (D7)
Amount per year for Option 1- $75,000 (D9)
Amount per year for Option 2- $64,000 (D11)
Signing bonus in Option 2- $20,000. (D12)
APR- 7% (D14)
Present Value for Option 1?
Present Value for Option 2 excluding bonus?
Present Value for Option 2 including bonus?
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