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11. You are offered $110,000 today or $400,000 in 14 years. Assuming that you can earn 13 percent on yourmoney, which should youchoose? A. If

11. You are offered $110,000 today or $400,000 in 14 years. Assuming that you can earn 13 percent on yourmoney, which should youchoose?

A. If you are offered $400,000 in 14 years and you can earn 13 percent on yourmoney, what is the present value of $400,000? (Round to the nearest cent)

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