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You are offered $100,000 today or $306,000 in 14 years. Assuming that you can earn 8% on your money, which should you choose? The present

You are offered $100,000 today or $306,000 in 14 years. Assuming that you can earn 8% on your money, which should you choose? The present value of the $306,000 in 14 years is $ . (Round to the nearest cent.)

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