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Mary is going to receive a 35-year annuity of $10,000. Nancy is going to receive a perpetuity of $10,000. If the appropriate interest rate is

Mary is going to receive a 35-year annuity of $10,000. Nancy is going to receive a perpetuity of $10,000.

If the appropriate interest rate is 8 percent, how much more is Nancy's 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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