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You are offered $ 8 0 comma 0 0 0 today or $ 3 4 0 comma 0 0 0 in 1 4 years. Assuming

You are offered $80 comma 000 today or $340 comma 000 in 14 years. Assuming that you can earn 11 percent on your money, which should you choose? Question content area bottom Part 1 If you are offered $340 comma 000 in 14 years and you can earn 11 percent on your money, what is the present value of $340 comma 000? $ enter your response here (Round to the nearest cent.)

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