Problem 5-12 Calculating EAR [LO 4] Find the EAR in each of the following cases. (Enter rounded answers as directed, but do rounded numbers in intermediate calculations. Use 365 days in a year. Enter your ans percent rounded to 2 decimal places (e.g., 32.16).) Stated Rate (APR) 9.75% 16.25 15.75 11.75 Number of Times Compounded Quarterly Monthly Daily Semiannually Effective Rate (EAR) 1% % % % Problem 5-35 Comparing Cash Flow Streams [LO 1) You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. You can have $7,400 per month for the next two years, or you can have $6,100 per month for the next two years, along with a $33,000 signing bonus today. Assume the interest rate is 6 percent compounded monthly. Requirement 1: If you take the first option, $7,400 per month for two years, what is the present value? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Present value Requirement 2: What is the present value of the second option? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) $ Present value