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Mary is going to receive a 38-year annuity of $10,900. Nancy is going to receive a perpetuity of $10,900. If the appropriate interest rate is

Mary is going to receive a 38-year annuity of $10,900. Nancy is going to receive a perpetuity of $10,900. If the appropriate interest rate is 12.6%, how much more is Nancys cash flow worth (today)? Again, completely ignore the sign of the PVs.

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