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You are offered $100,000 today or $340,000 in 10 years. Assuming that you can earn 12 percent on your money, which should you choose? Question

You are offered $100,000 today or $340,000 in 10 years. Assuming that you can earn 12 percent on your money, which should you choose?

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Part 1

If you are offered $340,000 in 10 years and you can earn 12 percent on your money, what is the present value of $340,000?

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