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Mary is going to receive a 31-year annuity of $8,600. Nancy is going to receive a perpetuity of $8,600. If the appropriate interest rate is

Mary is going to receive a 31-year annuity of $8,600. Nancy is going to receive a perpetuity of $8,600. If the appropriate interest rate is 9 percent, how much more is Nancys cash flow worth? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value ____

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