2. A brilliant young scientist is killed in a plane crash. It is anticipated that he could have earned $430,000 a year for the next 50 years. The attorney for the plaintiff's estate argues that the lost income should be discounted back to the present at 4 percent. The lawyer for the defendant's insurance company argues for a discount rate of 9 percent. What is the difference between the present value of the settlement at 4 percent and 9 percent? Compute each one separately. ( Please show proper calculation using time line. Do not round intermediate calculations. Round your answers to 2 decimal places.)