Robert recently was offered a position with a major accounting firm. The firm offered Robert either a signing bonus of $$19000$ payable on the first day of work or a signing bonus of $$22000$ payable after one year of employment. Assuming that the relevant interest rate is $11\%,$ which option should Robert choose?

Robert should choose the signing bonus of $$22000$ payable after one year of employment.

There is insufficient information to determine which is preferable.

Robert should choose the signing bonus of $$19000$ payable on the first day of work.

The options are equivalent.