Question: ( Present - value comparison ) You are offered $ 8 0 comma 0 0 0 today or $ 4 0 0 comma 0 0

(Present-value comparison)You are offered $80 comma 000 today or $400 comma 000 in 12 years. Assuming that you can earn 15 percent on your money, which should you choose?
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Part 1
If you are offered $400 comma 000 in 12 years and you can earn 15 percent on your money, what is the present value of $400 comma 000?
$
enter your response here(Round to the nearest cent.)

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