A brilliant young scientist is killed in a plane crash. It is anticipated that he could have earned $230,000 a year for the next 30 years. The attorney for the plaintiff's estate argues that the lost income should be discounted back to the present at 6 percent. The lawyer for the defendant's insurance company argues for a discount rate of 18 percent What is the difference between the present value of the settlement at 6 percent and 18 percent? Compute each one separately. Use Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Present Value PV at 6% rate PV at 18% rate Difference