You've just joined the investment banking firm of Dewey, Cheatum, and Howe. They've offered you two different salary arrangements. you can have $90,000 per year for the next two years, or you can have $77,000 per year for the next two years, along with a $20,000 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 7 percent compounded monthly, which do you prefer? Mendez Co. has identified an investment project with the following cash flows. If the discount rate is 10 percent, what is the present value of these cash flows? What is the present value at 18 percent? At 24 percent? Assume the total cost of a college education will be $325,000 when your child enters college in 18 years. you presently have $85,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child's college education