The Bachelor and Bachelorette have hired you to determine who has the best endorsement offer. The Bachelor has been offered the job as a spokesperson for the I Really Like Myself Foundation as they figure that they do not have to offer any advice to do the job. The IRLMF will pay him $2,000 per month starting ten years from today for a total of 120 months. He then will receive $40,000 per year for six years with the first payment of $40,000 occurring twenty years from today. He also will receive $70,000 every year for five years with the first of these coming six months from today. The Bachelorette has been offered a job as the spokesperson for the Do You Believe I Am Getting Paid For This Foundation. She is happy it has nothing to do with what The Bachelor is doing and that hers has more letters. The DYBIAGPFTF will pay her $30,000 per year for twenty years with the first of these coming today. She will also receive $400,000 six months after her last payment of $30,000. Finally she will receive $500,000 fifty years from today she was worried that she would not have enough for a 75th birthday gift for himself. They want to know who has the best offer in today's dollars. Assume a 6% (compounded monthly) rate for your analysis. Show all of your work as presented in class and give a total value for each of their offers. Hint: Worry about each payment separately and bring back to year 0. There should be 6 steps for The Bachelor before you add them up at year 0 and 3 for The Bachelorette. The Bachelor and Bachelorette have hired you to determine who has the best endorsement offer. The Bachelor has been offered the job as a spokesperson for the I Really Like Myself Foundation as they figure that they do not have to offer any advice to do the job. The IRLMF will pay him $2,000 per month starting ten years from today for a total of 120 months. He then will receive $40,000 per year for six years with the first payment of $40,000 occurring twenty years from today. He also will receive $70,000 every year for five years with the first of these coming six months from today. The Bachelorette has been offered a job as the spokesperson for the Do You Believe I Am Getting Paid For This Foundation. She is happy it has nothing to do with what The Bachelor is doing and that hers has more letters. The DYBIAGPFTF will pay her $30,000 per year for twenty years with the first of these coming today. She will also receive $400,000 six months after her last payment of $30,000. Finally she will receive $500,000 fifty years from today she was worried that she would not have enough for a 75th birthday gift for himself. They want to know who has the best offer in today's dollars. Assume a 6% (compounded monthly) rate for your analysis. Show all of your work as presented in class and give a total value for each of their offers. Hint: Worry about each payment separately and bring back to year 0. There should be 6 steps for The Bachelor before you add them up at year 0 and 3 for The Bachelorette