You are considering two work contracts, each of which lasts for five years. The two contracts are summarized in the following table. 
Assume that you will be paid at the end of each year. Contract 1 includes a signing bonus of $5,000 to be paid at the beginning of year 1, whereas contract 2 does not include a signing bonus. If the interest rate is 5 percent, which is the better offer?
Definitions:
Cash Outflow
Money going out of a business as a result of payments made to others, including expenses, investments, and loan repayments.
Cash Flows
The total amount of money being transferred into and out of a business, especially affecting liquidity.
Company Name
The official legal name under which a business operates and is registered under law.
QuickBooks
An accounting software package developed and marketed by Intuit, aimed at small and medium-sized businesses for managing payroll, inventory, sales, and other financial needs.
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