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Your new employer is conscientious about its employees finan- cial well-being, and realizing that many people do not set aside sufficient funds to save for

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Your new employer is conscientious about its employees finan- cial well-being, and realizing that many people do not set aside sufficient funds to save for the future. To improve its employee's financial stability they offer a bond program to employees. There are two investment options. A) A signing bonus of $500 and $160 per month, continuously invested into a money market account yielding 0.030 B) A signing bonus of $500 and $128 per month, continuously invested into a money market account yielding 0.030 as well as a $1500 retention bonus, deposited after the second year of employment. Assume you begin your job on January 1st, and that all com- pounding is continuous, and the retention bonus is an instan- taneous deposit at the EOY. Once you determine which offer results in more money for you after 3 years with the company and enter the difference (i.e. the absolute value of how much more money is one option over the other). Round your answer to the nearest dollar

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