Computing the nancy cash flow worth

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Question: Mary is going to receive a 35-year annuity of $9,500. Nancy is going to receive a perpetuity of $9,500. Required: If the appropriate interest rate is 8 percent, how much more is Nancy's cash flow worth? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Reference no: EM131794274

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