What is the pv for both the options

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Reference no: EM133492664

Question: You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. The bonus is paid immediately, and the salary is paid in equal amounts at the end of each month. If the interest rate is 8 percent compounded monthly, what is the PV for both the options?

Reference no: EM133492664

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