FIN$-320$

$($Related to Checkpoint$5\mathrm{.}4)($Present$-$value comparison$)$You are offered $$$$80000$ today or $$$$380000$ in $10$ years. Assuming that you can earn $12$ percent on your$$ money, which should you$$ choose?

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Part $1$

If you are offered $$$$380000$ in $10$ years and you can earn $12$ percent on your$$ money, what is the present value of $$$$380000?$