7. The Ellis family decides to make a gift to charitable institution in the amount of $32,000.00. The family gives the charitable studion a choice however of o Choice 1 - Take the $32,000.00 now cash up front, or Choice 2 - Take $3,200.00 a quarter for the next 4 years. The charity could invest the money in either situation at 6% compounded quarterly. Given that information, which option should the charitable institution choose? (Please show all work on how you arrive at your choice) (10 points)