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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $80,000 today or $400,000 in 12 years. Assuming that you can eam 15 percent on your

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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $80,000 today or $400,000 in 12 years. Assuming that you can eam 15 percent on your money, which should you choose? If you are offered $400,000 in 12 years and you can earn 15 percent on your money, what is the present value of $400,000? $0 (Round to the nearest cent.)

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