Question: You are offered $ 9 0 , 0 0 0 today or $ 3 4 0 , 0 0 0 in 1 4 years. Assuming

You are offered $90,000 today or $340,000 in 14 years. Assuming that you can earn 15 percent on your money, which should you choose?
Part 1
If you are offered $340,000 in 14 years and you can earn 15 percent on your money, what is the present value of $340,000?

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