Difference in present value between using discount rate

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You are going to receive $219,000 in 40 years. What is the difference in present value between using a discount rate of 10 percent versus 5 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.)

Difference in present value:

Reference no: EM132037937

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