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need help please Carl Hightop, a popular basketball player, has been offered a two-year salary deal. He can either accept $2,200,000 now or accept quarterly
need help please
Carl Hightop, a popular basketball player, has been offered a two-year salary deal. He can either accept $2,200,000 now or accept quarterly amounts of $300,000 payable at the end of each quarter. If money can be invested at 4.1% compounded annually, which option is the better option for Carl and by how much? The (Rou option is better by $ st cent as needed. Round all intermediate values to six decimal places as needed.) lump sum quarterly payments Step by Step Solution
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