You are offered $$$$80,000$ today or $$$$400,000$ in $13$ years. Assuming that you can earn $12$ percent on your$$ money, which should you$$ choose?

Question content area bottom

Part $1$

If you are offered $$$$400,000$ in $13$ years and you can earn $12$ percent on your$$ money, what is the present value of $$$$400,000?$

$$$enter your response here$($Round to the nearest$$ cent.$)$