Carl Hightop, a popular basketball player, has been offered a four-year salary deal. He can either accept $4,900,000 now or accep monthly amounts of $110,000 payable at the end of each month. If money...

Extracted text: Carl Hightop, a popular basketball player, has been offered a four-year salary deal. He can either accept $4,900,000 now or accep monthly amounts of $110,000 payable at the end of each month. If money can be invested at 3.4% compounded quarterly, which option is the better option for Carl and by how much? option is better by s]: rest cent as needed. Round all intermediate values to six decimal places as needed.) The (Rou lump sum monthly payments