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You are appointed by the investment bank of Super Wealth. The company offers you two different salary alternatives. You can have 122000 per year for
You are appointed by the investment bank of Super Wealth. The company offers you two different salary alternatives. You can have 122000 per year for the next two years, or you can take 85000 per year for the next two years and a 65000 signing bonus today. The bonus will be paid at once, the salary will be paid at the end of each year. Suppose the interest rate is 14% compounded monthly. What alternative should you take?
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