You’ve just joined the investment banking firm of dewey, cheatum, and howe. they’ve offered you two different salary arrangements. you can have $84,000 per year for the next two years, or you can have $73,000 per year for the next two years, along with a $29,000 signing bonus today. the bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. if the interest rate is 10 percent compounded monthly, what is the pv for both the options

what is the PV for both the options?

Option 1   75847,99192

Option 2   94915,51679

Explanation:

NPayment1IR        1+irN                  PV

1350010,83%1,011,0083333333471,07438

2350010,83%1,011,0167361113442,387815

3350010,83%1,011,0252089123413,938329

4350010,83%1,011,033752323385,723963

5350010,83%1,011,0423669223357,742773

6350010,83%1,011,0510533133329,992833

7350010,83%1,011,0598120913302,472231

8350010,83%1,011,0686438583275,179072

9350010,83%1,011,0775492243248,111476

10350010,83%1,011,0865288013221,26758

11350010,83%1,011,0955832073194,645533

12350010,83%1,011,1047130673168,243504

13350010,83%1,011,113919013142,059674

14350010,83%1,011,1232016683116,092238

15350010,83%1,011,1325616823090,33941

16350010,83%1,011,1419996963064,799415

17350010,83%1,011,151516363039,470494

18350010,83%1,011,161112333014,350903

19350010,83%1,011,1707882662989,438912

20350010,83%1,011,1805448352964,732806

21350010,83%1,011,1903827082940,230881

22350010,83%1,011,2003025642915,931453

23350010,83%1,011,2103050862891,832846

24350010,83%1,011,2203909612867,933401

                                   75847,99192

NPayment1IR         1+irN                  PV

13.04210,83%1,011,0083333333016,528926

23.04210,83%1,011,0167361112991,598934

33.04210,83%1,011,0252089122966,874976

43.04210,83%1,011,033752322942,355348

53.04210,83%1,011,0423669222918,038362

63.04210,83%1,011,0510533132893,922343

73.04210,83%1,011,0598120912870,005629

83.04210,83%1,011,0686438582846,286574

93.04210,83%1,011,0775492242822,763545

103.04210,83%1,011,0865288012799,43492

113.04210,83%1,011,0955832072776,299095

123.04210,83%1,011,1047130672753,354474

133.04210,83%1,011,113919012730,599478

143.04210,83%1,011,1232016682708,03254

153.04210,83%1,011,1325616822685,652106

163.04210,83%1,011,1419996962663,456634

173.04210,83%1,011,151516362641,444596

183.04210,83%1,011,161112332619,614475

193.04210,83%1,011,1707882662597,964769

203.04210,83%1,011,1805448352576,493986

213.04210,83%1,011,1903827082555,200647

223.04210,83%1,011,2003025642534,083286

233.04210,83%1,011,2103050862513,140449

243.04210,83%1,011,2203909612492,370693

                                       29000

                                      94915,51679

hello the answer is d