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STC, Inc. has offered you 2 different salary arrangements. You can either have $82,000 at the end of the year for the next 3 years,

STC, Inc. has offered you 2 different salary arrangements. You can either have $82,000 at the end of the year for the next 3 years, or $93,000 at the end of the year for the next 2 years along with a $44,000 signing bonus today. If the interest rate is 24% compounded monthly? Which one do you prefer? (Hint: Find the effective annual rate first, and then

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