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Which option should jerry choose

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Question 1: Jerry recently was offered a position with a major accounting firm. The firm offered Jerry either a signing bonus of £23,000 payable on the first day of work or a signing bonus of £26,000 payable after one year of employment. Assuming that the relevant interest rate is 10%, which option should Jerry choose?

Option 1: The signing bonus of £23,000 payable on the first day of work.

Option 2: Insufficient information to determine.

Option 3: The options are equivalent.

Option 4: The signing bonus of £26,000 payable after one year of employment

Reference no: EM132506745

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