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Cameron is going to receive an annuity for 42 years of $22,330, and Kennedy is going to receive a perpetuity of that same amount. If
Cameron is going to receive an annuity for 42 years of $22,330, and Kennedy is going to receive a perpetuity of that same amount. If the appropriate discount rate is 7%, how much more are Kennedy's cash flows worth today than Cameron's cash flows? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places
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