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You are offered $80,000 today or $380,000 in 12 years. Assuming that you can earn 16% on your money, which should you choose? If you

You are offered $80,000 today or $380,000 in 12 years. Assuming that you can earn 16% on your money, which should you choose?

If you are offered $380,000 in 12 years and you can earn 16% on your money, what is the present value of $380,000?

Round to nearest cent.

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