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You are considering two competing job offers. One will pay you a base salary of $100,000 and a bonus after 12 months of $10,000. The

You are considering two competing job offers. One will pay you a base salary of $100,000 and a bonus after 12 months of $10,000. The other will match the base salary but will offer you a bonus after 18 months of $13,000. Which job offer has a better bonus structure? Assume you stay in the job long enough to earn the bonus.

Please write the full excel formula used to solve this problem.

Example: =RATE(#,#,#,#), =NPER, =PV, =FV

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