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On Joe Martin's graduation from come uncle promised him a gift of $11.200 in cash or 5720 every quarter for the next 4 years after
On Joe Martin's graduation from come uncle promised him a gift of $11.200 in cash or 5720 every quarter for the next 4 years after graduation. Assume money could be invested at 8% compounded quarterly (Use Teble 123 a Calcate the present value of options. (Do not round intermediate calculations. Hound your answers to the nearest cent) Presenti Option1 Option 2 Which offer is better for Joo? Option 1 Option 2
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