$($Related to Checkpoint $5\mathrm{.}4)($Present$-$value comparison$)$ You are offered $$90,000$ today or $$300,000$ in $14$ years. Assuming that you can earn $11$ percent on your money, which should you choose?

If you are offered $$300,000$ in $14$ years and you can earn $11$ percent on your money, what is the present value of $$300,000?$

$($Round to the nearest cent.$)$

Which offer should you choose? $($Select the best choice below.$)$

A$.$ Choose $$90,000$ today because its present value is higher.

B$.$ Choose $$300,000$ in $14$ years because its present value is higher.