Cameron is going to receive an annuity for 41 years of $37,062, and Kennedy is...
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Finance
Cameron is going to receive an annuity for 41 years of $37,062, and Kennedy is going to receive a perpetuity of that same amount. If the appropriate discount rate is 8%, how much more are Kennedy's cash flows worth today than Cameron's cash flows? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16)
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