Question: 2. (2 points) Calculate the difference between the present value of $300 per year cash payments for the next 40 years and the present value

2. (2 points) Calculate the difference between the present value of

2. (2 points) Calculate the difference between the present value of $300 per year cash payments for the next 40 years and the present value of $300 per year cash payments in perpetuity. Assume in either case, the first payment occurs one year from today and that the appropriate discount rate is 10%/year. The difference in the present value of these two streams of future cash payments that you calculated equals the present value of cash payments over what period of time

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