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Robert recently was offered a position with a major accounting firm. The firm offered Robert...

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Accounting

Robert recently was offered a position with a major accounting firm. The firm offered Robert either a signing bonus of $19000 payable on the first day of work or a signing bonus of $22000 payable after one year of employment. Assuming that the relevant interest rate is 11%, which option should Robert choose?
Robert should choose the signing bonus of $22000 payable after one year of employment.
There is insufficient information to determine which is preferable.
Robert should choose the signing bonus of $19000 payable on the first day of work.
The options are equivalent.
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