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Kourtney and Khloe Kardashian are receiving slightly different incomes from investments that they had made in the past. Kourtney will receive a perpetuity of $27,000
Kourtney and Khloe Kardashian are receiving slightly different incomes from investments that they had made in the past. Kourtney will receive a perpetuity of $27,000 per year forever, while Khloe will receive the same annual payment for the next 40 years. If the interest rate is 7.1 percent, how much more are Kourtney's payments worth now? Multiple Choice
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$24,463.95
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$23,699.45
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$25,687.15
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$21,788.21
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$22,934.95
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