Business, 11.12.2019 18:31 uehlingt39

Abrilliant young scientist is killed in a plane crash. it is anticipated that he could have earned $330,000 a year for the next 50 years. the attorney for the plaintiff’s estate argues that the lost income should be discounted back to the present at 6 percent. the lawyer for the defendant’s insurance company argues for a discount rate of 12 percent. what is the difference between the present value of the settlement at 6 percent and 12 percent? compute each one separately. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. (do not round intermediate calculations. round your answers to 2 decimal places.)

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Abrilliant young scientist is killed in a plane crash. it is anticipated that he could have earned $...

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