You received an offer to work as senior financial analyst at Amazon. The controller offered you a signing bonus of $45,000 payable on the first day of work or a signing bonus payable in two installments of $23,500 payable in six and twelve months. Assuming that your discount rate is 5% per year, which option do you prefer?

You are indifferent between them.

Not enough information to choose.

Immediate payment of the signing bonus.

The installment plan.