You are going to receive $205,000 in 18 years. What is the difference in present...
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Accounting
You are going to receive $205,000 in 18 years. What is the difference in present value between using a discount rate of 12 percent versus 9 percent? Use Appendix B as an approximate answer, but calculate your final answer using the formula and financial calculator methods.
Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Input your answer as a positive value.
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