i need a step by step explaination for both questions please. everyone provides a different answer everytime. i would really appreciate it

borrow? 7. For your first job after graduation you have decided to accept a contract position. The manager has offered to pay you $30,000 at the end of the first year and $35,000 at the end of the second year or to pay you $22,000 now, $20,000 at the end of the first year and $20,000 at the end of the second year. Which option is better and by how much, if interest is 10% simple? Use today as your focal date. 8. Today, you take out a $5000 loan at 10% simple interest, which is to be repaid with two equal payments at the end of the first year and at the end of the second year. Find the size of the payments using today as your focal date.)