You want to join a membership at Anytime Fitness in order to get ready for the summer vacation and take body profile pictures in two years. There are two options for the membership in Anytime Fitness. Which one would you like to choose? Assume that you are planning to join this fitness center for the next two years. Also, assume that the discount rate is 2.5 percent (APR) of monthly compounded interest.

Option 1: Pay 50,000 KRW when you join and pay 40,000 per month, starting now (Total of 24 monthly payments).

Option 2: Pay 500,000 KRW per year at the beginning of the years, starting now.

Show your work and Justify your answers.