Mary is going to receive a 32-year annuity of 8700 nancy is, Financial Management

Mary is going to receive a 32-year annuity of 8700 nancy is

Mary is going to receive a 32-year annuity of $8,700. Nancy is going to receive a perpetuity of $8,700. If the appropriate interest rate is 10 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.)

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Financial Management: Mary is going to receive a 32-year annuity of 8700 nancy is

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