Martinakom

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Teaching Since: Jul 2017
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Category > Business & Finance Posted 19 Aug 2017 My Price 4.00

ou've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements.

ou’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangements. You can have $6,100 per month for the next two years, or you can have $4,800 per month for the next two years, along with a $25,000 signing bonus today. Assume the interest rate is 7 percent compounded monthly.

 

Requirement 1:

If you take the first option, $6,100 per month for two years, what is the present value? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

 

  Present value $   

 

Requirement 2:

What is the present value of the second option? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

 

  Present value $   

Answers

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Status NEW Posted 19 Aug 2017 12:08 PM My Price 4.00

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