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What is the pv of the both options

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Question 1: You've just been offered a temporary sales director position at an upscale hotel. 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 of the both options? Which option would you choose?

Reference no: EM132595015

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