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Given an interest rate of 7.15 percent per year, what is the value at year t=8 of a perpetual stream of $3,614 payments that begin

image text in transcribed Given an interest rate of 7.15 percent per year, what is the value at year t=8 of a perpetual stream of $3,614 payments that begin at year t=20 ? (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 (e.g., 32.16).) Question 15 4 pts Cameron is going to receive an annuity for 34 years of $32,707, and Kennedy is going to receive a perpetuity of that same amount. If the appropriate discount rate is 9%, 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 (e.g., 32.16).)

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