Bob and Bill are receiving slightly different incomes from investments that they had made in the past. Bob will receive a perpetuity of $23,000 per year forever, while Bill will receive the same annual payment for the next 45 years. If the interest rate is 6.7 percent, how much more are Bob's payments worth now?

mult.choice:

• $17,387.03

• $18,546.17

• $16,517.68

• $19,473.48

• $17,966.60