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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $360,000 in 12 years. Assuming that you can earn 15 percent on your

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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $360,000 in 12 years. Assuming that you can earn 15 percent on your money, which should you choose? If you are offered $360,000 in 12 years and you can eam 15 percent on your monoy, what is the present value of $360,000 ? (Round to the nearest cent)

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