Mary is going to receive a 36-year annuity of $10,100. Nancy is going to receive a perpetuity of $10,100. If the appropriate interest rate is 9 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 References eBook & Resources Worksheet Learning Objective: 05-01 Determine the future and present value of investments with multiple cash flows. Section: 5.2 Valuing Level Cash Flows: Annuities and Perpetuities Difficulty: 2 Intermediate You have arranged for a loan on your new car that will require the first payment today The loan is for $41,500, and the monthly payments are $720. If the loan will be paid off over the next 75 months, what is the APR of the loan? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) APR References eBook&Resources Worksheet Learning Objective: 05-04 Explain how interest rates are quoted (and misquoted). Section: 5.2 Valuing Level Cash Flows: Annuities and Difficulty: 2 Intermediate