On Joe Martin's graduation from college, Joe's uncle promised him a gift of $12,700 in cash or $830 every quarter for the next 5 years after graduation. Assume money could be invested at 8% compounded quarterly. find option 2

On Joe Martin's graduation from college, Joe's uncle promised him a gift of $12,700 in cash or $830 every quarter for the next 5 years after graduation. Assume money could be invested at 8% compounded quarterly. (Use Table 13.2.) a. Calculate the present value of options. Note: Do not round intermediate calculations. Round your answers to the nearest cent. Sinking fund table 6 based on $1