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On Joe Martins graduation from college, Joes uncle promised him a gift of $11,900 in cash or $790 every quarter for the next 4 years

On Joe Martins graduation from college, Joes uncle promised him a gift of $11,900 in cash or $790 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.)

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