nanceLab Assignment

Question $11,$ P$5-28($similar to$)$

HW Score: $71\mathrm{.}54\%,35\mathrm{.}77$ of $50$ points

Part $1$ of $2$

Points: $0$ of $4$

$($Related to Checkpoint $5\mathrm{.}4)($Present$-$value comparison$)$ You are offered $$100,000$ today or $$360,000$ in $14$ years. Assuming that you can earn $15$ percent on your money, which should you choose?

If you are offered $$360,000$ in $14$ years and you can earn $15$ percent on your money, what is the present value of $$360,000?$

$$100000($Round to the nearest cent$)$