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You've just joined an investment banking firm. They've offered you two different salary arrangements. Option 1 is $7,900 per month for the next three years,

You've just joined an investment banking firm. They've offered you two different salary arrangements. Option 1 is $7,900 per month for the next three years, or Option 2 is $6,600 per month for the next three years, along with a $35,500 signing bonus today. Assume the interest rate is 5 percent compounded monthly. Which option would you prefer?

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