Gary recently was offered a position with a major accounting firm. The firm offered Gary either a signing bonus of $30000 payable on the first day of work or a signing bonus of $33000 payable after one year of employment. Assuming that the relevant interest rate is 9%, which option should Gary choose?

The signing bonus of $33000 payable after one year of employment.

The signing bonus of $30000 payable on the first day of work.

Insufficient information to determine.

The options are equivalent.