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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 exist6, 700 per

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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 exist6, 700 per month for the next two years, or you can have exist5.400 per month for the next two years, along with a exist25,000 signing bonus today. If the interest rate is 7 percent compounded monthly, which do you prefer

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