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(Related to Checkpoint5.4)(Present-value comparison) You are offered $110 comma 000 110,000 today or $400 comma 000 400,000 in 12 12 years. Assuming that you can

(Related to Checkpoint5.4)(Present-value comparison)You are offered $110 comma 000

110,000 today or $400 comma 000

400,000 in 12

12 years. Assuming that you can earn 14

14 percent on yourmoney, which should youchoose?

If you are offered $400 comma 000

400,000 in 12

12 years and you can earn 14

14 percent on yourmoney, what is the present value of $400 comma 000

400,000?

$

nothing

(Round to the nearestcent.)

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