Question: Question 1 : Daniel Dunkerson, a popular basketball player, has been offered a six - year salary deal. He can either accept $ 1 0

Question 1: Daniel Dunkerson, a popular basketball player, has been offered a six-year salary deal. He can
either accept $10,000,000 now or accept monthly amounts of $175,000 payable at the end of each month.
If money can be invested at 6.64% compounded quarterly, which option is the better option for Daniel
and by how much?

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