You are offered $$$$110,000$ today or $$$$400,000$ in $11$ years. Assuming that you can earn $12$ percent on your$$ money, which should you$$ choose?

If you are offered $$$$400,000$ in $11$ years and you can earn $12$ percent on your$$ money, what is the present value of $$$$400,000?$ $$\_\_\_\_\_\_\_$

Which offer should you$$ choose?