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How much less is a perpetuity of $5,900.00 worth than an annuity due of the same amount for 26 payments? Assume an interest rate of
How much less is a perpetuity of $5,900.00 worth than an annuity due of the same amount for 26 payments? Assume an interest rate of 14%. (Notice: if the present value of the perpetuity is higher, then the number will be negative.)
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