You are offered $100,000 today or $304,000 in 14 years. Assuming that you can earn 10% on your money, which should you choose?

The present value of the $304,000 in 14 years is $?. (Round to the nearest cent.)

Which should you choose? (Select the best choice below.)

A. You should take the $304,000 in 14 years.

B. You should take the $100,000 today.

C. It does not matter which one you take because they are equal in value.