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You are going to receive $211,000 in 16 years. What is the difference in present value between using a discount rate of 14 percent versus

You are going to receive $211,000 in 16 years. What is the difference in present value between using a discount rate of 14 percent versus 9 percent? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.

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