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1- tracie invested 60,000 in exchange for payments of 2500 a year forever. What is the rate of return is she arning? 2-martha receives 200

1- tracie invested 60,000 in exchange for payments of 2500 a year forever. What is the rate of return is she arning?

2-martha receives 200 on the first of each month. Stewart receives 200 on the last of each month. Both matha and Stewart will receive payments for 30 years. The discount rate is 9% compounded monthly.

What is the difference in the present value of these two set of payment?

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