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Show work You have just joined the investment banking firm oF dewey, cheatum, and Howe. They have offered you two different salary arrangements. You can

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You have just joined the investment banking firm oF dewey, cheatum, and Howe. They have offered you two different salary arrangements. You can have $150,000 per year for the next two years, or you can have $120,000 per year for the next two years along with a $50,000 signing bonus today. The bonus is paid immediately, and the salary is paid at the end of each year. If the market interest rate is 7 percent, which do you prefer. Explain in numbers.

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