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On Joe Martin's graduation from college, Joe's uncle promised him a gift of $ 1 1 , 4 0 0 in cash or $ 7
On Joe Martin's graduation from college, Joe's uncle promised him a gift of $ in cash or $ every quarter for the next years after graduation. Assume money could be invested at compounded quarterly. Use Table
Q Calculate the present value of options.
Note: Do not round intermediate calculations. Round your answers to the nearest cent.
tablePresent valueOption $
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