(Related to Checkpoint 5.4)(Present-value comparison)You are offered

$100,000

today or

$300,000

in

13

years. Assuming that you can earn

11

percent on your money, which should you choose?

Question content area bottom

Part 1

If you are offered

$300,000

in

13

years and you can earn

11

percent on your money, what is the present value of

$300,000?

$enter your response here

(Round to the nearest cent.)