1. 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
2. Jules earns 19.31 per hour and works 0.11 overtime.
How much does Jules earn for OVERTIME for the year? Use 2 decimals in your response.
(This is all the info I am given to solve the problem)