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P5-28 (similar to) Question Help (Related to Checkpoint 5.4) (Present-value comparison) You are offered $80,000 today or $400,000 in 15 years. Assuming that you can

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P5-28 (similar to) Question Help (Related to Checkpoint 5.4) (Present-value comparison) You are offered $80,000 today or $400,000 in 15 years. Assuming that you can earn 11 percent on your money, which should you choose? If you are offered $400,000 in 15 years and you can earn 11 percent on your money, what is the present value of $400,000? $(Round to the nearest cent.)

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