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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $380,000 in 12 years. Assuming that you can earn 14 percent on your

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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $100,000 today or $380,000 in 12 years. Assuming that you can earn 14 percent on your money, which should you choose? If you are offered $380,000 in 12 years and you can earn 14 percent on your money, what the present value of $380,000? $(Round to the nearest cent.)

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