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3) How much more is a perpetuity of $1,000 worth than an annuity of the same amount for 20 years? Assume an 8% interest rate

3) How much more is a perpetuity of $1,000 worth than an annuity of the same amount for 20 years? Assume an 8% interest rate and cash flows at end of period. A. $3,896 B. $1,486 C. $2,682 D. $2,000

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