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On Joe Martin's graduation from college, Joe's uncle promised him a gift of $13,000 in cash or $800 every quarter for the next 4 years

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On Joe Martin's graduation from college, Joe's uncle promised him a gift of $13,000 in cash or $800 every quarter for the next 4 years after graduation. Assume money could be invested at 8% compounded quarterly. a. Calculate the present value of options. (Round your answers to the nearest cent.) b. Which offer is better for Joe? Option 1 Option 2

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