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How much less is a perpetuity of $6,700.00 worth than an annuity due of the same amount for 44 payments? Assume an interest rate of

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How much less is a perpetuity of $6,700.00 worth than an annuity due of the same amount for 44 payments? Assume an interest rate of 14%. (Notice: if the present value of the perpetuity is higher, then the number will be negative.) 31 Multiple Choice $7,181.88 $6,528.98 $7,834.78 $5,876.09

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