Question: Problem 9-9 Present value [LO9-3] You are going to receive $212,000 in 20 years. What is the difference in present value between using a discount

Problem 9-9 Present value [LO9-3] You are going to receive $212,000

Problem 9-9 Present value [LO9-3] You are going to receive $212,000 in 20 years. What is the difference in present value between using a discount rate of 12 percent versus 10 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

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