Question: Hi, I need some help with the below question (Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $320,000 in 15 years.

Hi,

I need some help with the below question

(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $320,000 in 15 years. Assuming that you can earn 11 percent on your money, which should you choose? If you are offered $320,000 in 15 years and you can earn 11 percent on your money, what is the present value of $320,000 ? (Round to the nearest cent.)

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