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Mary is going to receive a 39-year annuity of $10,400. Nancy is going to receive a perpetuity of $10,400. If the appropriate interest rate is

Mary is going to receive a 39-year annuity of $10,400. Nancy is going to receive a perpetuity of $10,400. If the appropriate interest rate is 12 percent, how much more is Nancys cash flow worth?

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