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7. How much less is a perpetuity of $2,700.00 worth than an annuity due of the same amount for 48 payments? Assume an interest rate

7. How much less is a perpetuity of $2,700.00 worth than an annuity due of the same amount for 48 payments? Assume an interest rate of 13%. (Notice: if the present value of the perpetuity is higher, then the number will be negative.)

- $3,160.22

-$2,633.51

-$2,896.86

-$2,370.16

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