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The Carl Hightop, a popular basketball player has been offered a two year salary deal. He can other accept $2,700,000 now or accept monthly amounts

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The Carl Hightop, a popular basketball player has been offered a two year salary deal. He can other accept $2,700,000 now or accept monthly amounts of $120,000 payable at the end of each month of money can be invested at 3 8% compounded semi-annually, which option is the better option for Carl and by how much option is better by (Rou karest cent as needed Round ait intermediate vakies to six decimal places as needed) lump sum monthly payments

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