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Old 11-02-2010, 05:01 PM
ryguy2303 ryguy2303 is offline
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Join Date: Nov 2010
Location: Oxford, UK
Posts: 1
Default Finance help! please :)

You've just joined an investment banking firm. They've offered you two different salary arangements. You can have $95,000 per year for 2 years. or you can have 70,000 per year for the next 2 years, along with 45,000 signing bonus today. if the interest is 10% compounded monthly, which do you prefer?

I think I am looking for PV (present value). Please explain in as much detail as I need to show my work in excel.

Thank you!
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