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How much more is a perpetuity of $1200 worth than an annuity of the same amount for 17 years? Assume an annual interest rate of

How much more is a perpetuity of $1200 worth than an annuity of the same amount for 17 years? Assume an annual interest rate of 10% and cash flows at the end of each period. Given annual compounding.

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$2,255.43
$2,611.55
$2,445.36
$2,374.14

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