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You can have $68,000 per year for the next two years, or you can have $57,000 per year for the next two years, along with
You can have $68,000 per year for the next two years, or you can have $57,000 per year for the next two years, along with a $13,000 signing bonus today. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 8 percent compounded monthly, which do you prefer? Input area: Amount per year in option 1 Amount per year in option 2 Signing bonus in option 2 Number of years Periods per year APR Output area: Present value of option 1 Present value of option 2 125,288 $1,18,020.85 $
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