$($Related to Checkpoint$5\mathrm{.}4)($Present$-$value comparison$)$You are offered $$$$110,000$ today or $$$$340,000$ in $12$ years. Assuming that you can earn $12$ percent on your$$ money, which should you$$ choose?

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Part $1$

If you are offered $$$$340,000$ in $12$ years and you can earn $12$ percent on your$$ money, what is the present value of $$$$340,000?$

$$$enter your response here$($Round to the nearest$$ cent.$)$