When Bridget takes a new job, she is offered a $3500 bonus now or the option of an extra $300 each month for the next year. If interest rates are 3% compounded monthly, which choice is better and by how much?

Determine the better option for Bridget at the end of one year.

The better choice for Bridget is the option with the $3500 bonus.

The better choice for Bridget is the option with the $300

monthly payment.

Your answer is correct.

The better option is more profitable by $ __________ .

(Round to the nearest cent as needed.)