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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 $16,000
Kourtney and Khloe Kardashian are receiving slightly different incomes from investments that they had made in the past. Kourtney will receive a perpetuity of $16,000 per year forever, while Khloe will receive the same annual payment for the next 35 years. If the interest rate is 6 percent, how much more are Kourtney's payments worth now?
Multiple Choice $30,899.99 $34,694.72 $32,526.30 $36,429.46 $33,610.51
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