You are offered $$$$100,000$ today or $$$$340,000$ in $11$ years. Assuming that you can earn $14$ percent on your$$ money, which should you$$ choose?

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Part $1$

If you are offered $$$$340\mathrm{.}000$ in $11$ years and you can earn $14$ percent on your$$ money, what is the present value of $$$$340,000?$