Mary is going to receive a 34-year annuity of $9,900. Nancy is going to receive...
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Accounting
| Mary is going to receive a 34-year annuity of $9,900. Nancy is going to receive a perpetuity of $9,900. |
| Required: |
| If the appropriate interest rate is 12 percent, how much more is Nancys cash flow worth (today)? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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