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(Present-value comparison) You are offered$100,000 today or$3,000 in13years. Assuming that you can earn11 percent on yourmoney, which should youchoose? If you are offered $300,000 in

(Present-value comparison)You are offered$100,000 today or$3,000 in13years. Assuming that you can earn11 percent on yourmoney, which should youchoose?

If you are offered $300,000 in 13years and you can earn 11percent on yourmoney, what is the present value of $300,000?

(Round to the nearestcent.)

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