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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $90,000 today or $300,000 in 15...

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(Related to Checkpoint 5.4) (Present-value comparison) You are offered $90,000 today or $300,000 in 15 years. Assuming that you can earn 12 percent on your money, which should you cheose? If you are offered $300,000 in 15 years and you can earn 12 percent on your money, what is the present value of $300,000? (Round to the nearest cent.)

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