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- please answer and show work in excel You ve just joined the investment banking firm of Dewey, Cheatum, and Howe.They ve offered you two

- please answer and show work in excel
Youve just joined the investment banking firm of Dewey, Cheatum, and Howe.Theyve offered you two different salary arrangements. You can have $7,400 per month for the next two years, or you can have $6,100 per month for the next two years, along with a $33,000 signing bonus today. Assume the interest rate is 6 percent compounded monthly.
a.If you take the first option, $7,400 per month for two years, what is the present value?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b.What is the present value of the second option?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
a.Value of first option
b. Value of second option

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