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How much less is a perpetuity of $5,000.00 worth than an annuity due of the same amount for 23 payments? Assume an interest rate of

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How much less is a perpetuity of $5,000.00 worth than an annuity due of the same amount for 23 payments? Assume an interest rate of 11%. (Notice: if the present value of the perpetuity is higher, then the number will be negative.) Multiple Choice $381.73 $466.56 $508.98 $424.15

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