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? A) The options arc equivalent. B) Insufficient information to determine. C) The signing bonus of $23,000 payable on the first day of work. D) The signing bonus of $26,000 payable after one year of employment.
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