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You've just joined an investment banking firm. They've offered you two different salary arrangements. You can have $8,500 per month for the next two years,

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You've just joined an investment banking firm. They've offered you two different salary arrangements. You can have $8,500 per month for the next two years, or you can have $7,200 per month for the next two years, along with a $30,000 signing bonus today. Assume the interest rate is 9.9 percent compounded monthly. a. If you take the first option, $8,500 per month for two years, what is the present value? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the present value of the second option? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Present value Present value b

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