If the appropriate interest rate is 8 percent how much more, Financial Management

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If the appropriate interest rate is 8 percent how much more

Mary is going to receive a 35-year annuity of $9,500. Nancy is going to receive a perpetuity of $9,500. Required: If the appropriate interest rate is 8 percent, how much more is Nancy’s cash flow worth? (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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Financial Management: If the appropriate interest rate is 8 percent how much more

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Financial Management: If the appropriate interest rate is 8 percent how much more

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