Carl Hightop, a popular basketball player has been offered a three-year salary deal. He can either accept $2,200,000 now or accept monthly amounts of $70,000 payable at the end of each month. If money can be invested at 6 1% compounded quarterly which option is the better option for Carl and by how much? The (Rou option is better by s rest cent as needed. Round all intermediate values to six decimal places as needed.) monthly payments lump sum Find the term of the following ordinary general annuity. State your answer in years and months (from 0 to 11 months). Future Value Interest Rate Periodic Payment $700 Payment Interval Compounding Period semi-annually $18,000 1 year 6.5% The term of the annuity is year(s) and month(s)