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You are considering two salary offers. The first one will pay you $80,000 a year for two years. The second one will pay you $60,000

You are considering two salary offers. The first one will pay you $80,000 a year for two years. The second one will pay you $60,000 a year for two years and a $35,000 additional bonus, paid today.The salaries would be paid in a lump sum at the end of each year. If the interest rate is 5%, compounded monthly, which is the better offer?

NB: Please give a detailed explanation.

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