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You ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They ve offered you two different salary arrangements. You can have $
Youve just joined the investment banking firm of Dewey, Cheatum, and Howe. Theyve offered you two different salary arrangements. You can have $ per month for the next two years, or you can have $ per month for the next two years, along with a $ signing bonus today. Assume the interest rate is percent compounded monthly. If you take the first option, $ per month for two years, what is the present value? Note: Do not round intermediate calculations and round your answer to decimal places, eg What is the present value of the second option? Note: Do not round intermediate calculations and round your answer to decimal places, eg
Youve just joined the investment banking firm of Dewey, Cheatum, and Howe. Theyve offered you two different salary arrangements. You can have $ per month for the next two years, or you can have $ per month for the next two years, along with a $ signing bonus today. Assume the interest rate is percent compounded monthly.
If you take the first option, $ per month for two years, what is the present value?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
What is the present value of the second option?
Note: Do not round intermediate calculations and round your answer to decimal places, eg
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