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nnect FINC 302 Financial Management: Spring 2018 4T FINANCE Question 2 (of 9) value 10.00 points Problem 6-36 Comparing Cash Flow Streams [LO You've just

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nnect FINC 302 Financial Management: Spring 2018 4T FINANCE Question 2 (of 9) value 10.00 points Problem 6-36 Comparing Cash Flow Streams [LO You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $71,000 per year for the next two years, or you can have $60,000 per year for the next two years, along with a $16,000 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 8 percent compounded monthly, what is the PV for both the options? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) PV Option 1 Option 2 References eBook & Resources Worksheet 18

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