Jorge is considering an investment that will pay $6,650 a year for seven years, starting one year from today. What is the maximum amount he should pay for this investment if he desires a rate of return of 8.0 percent?

You've just joined the irvestment banking firm of Dewey. Cheatum, and Howe. They ve offered you two different salary arrangements. You can have $7,000 per month for the next two years, or you can have $5,700 per month for the next two years, along with a $31,000 signing bonus today. Assume the interest rate is 6 percent compounded monthly. a. If you take the first option, $7,000 per month for two years, what is the present value? Note: Do not round intermediate calculations and round your answer to 2 decimal ploces, e.9., 32.16 . b. What is the present value of the second option? Note: Do not round intermediate colculations and round your answer to 2 decimal ploces, e.g., 32.16