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Mary is going to receive 24 year annuity of $70000. Nancy is going to receive a perpetuity of $70000. If the appropriate rate is 6.8
Mary is going to receive 24 year annuity of $70000. Nancy is going to receive a perpetuity of $70000. If the appropriate rate is 6.8 percent, how much more is Nancys cash flow worth ?
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