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Carl Hightop, a popular basketball player, has been offered a four-year salary deal. He can either accept $4 comma 700 comma 000 now or accept quarterly amounts of $330 comma 000 payable at the end of each quarter. If money can be invested at 4.8% compounded monthly, which option is the better option for Carl and by how much?Question content area bottomPart 1The▼lump sumquarterly paymentsoption is better by $enter your response here.(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed
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