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UG was gifted a perpetuity of $ 1 , 5 0 0 while the UGSS was gifted an annuity for the same amount for 2

UG was gifted a perpetuity of $

1, 500

while the UGSS was gifted an annuity for the same amount for

25

years. They are ordinary a perpetuity and an ordinary annuity. The interest rate is

12 % .

How much more is the UG's perpetuity worth than the UGSS' annuity?

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