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You are going to receive $218,000 in 30 years. What is the difference in present value between using a discount rate of 15 percent versus
You are going to receive $218,000 in 30 years. What is the difference in present value between using a discount rate of 15 percent versus 6 percent? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Input your answer as a positive value. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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