Homework Answers
At a discount rate of 14%, the present value of $ 205,000 received in 50 years is calculated as follows:-
Present value = $ 292.7597005
At a discount rate of 9%, the present value of $ 205,000 received in 50 years is calculated as follows:-
Present value = $ 2756.950471
Difference in the present value = $ 2756.950471 - $ 292.7597005
Difference in present value = $ 2464.19
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