$($Related to Checkpoint $5\mathrm{.}4)($Comparing present and future values$)$ You are offered $$110,000$ today or $$360,000$ in $15$ years. Assuming that you can earn $14$ percent on your money, which should you choose?

If you are offered $$360,000$ in $15$ years and you can earn $14$ percent on your money, what is the present value of $$360,000?($Round your answer to the nearest cent.$)$

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