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What is the present value

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Please help with the below question, and if you could provide the excel formula please, if the excel formula is too time-consuming to provide, it's ok.

You are offered $110,000 today or $380,000 in 10 years. Assuming that you can earn 15 percent on your money, which should you choose?

If you are offered $380,000 in 10 years, and you can earn 15 percent on your money, what is the present value of $380,000?

?(Round to the nearest? cent.)

Reference no: EM133115197

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