Question: Determine the difference between the present value of a 1000 twenty year annuity earning 8% interest compounded annually verse a 1000 twenty year growing annuity

Determine the difference between the present value of a 1000 twenty year annuity earning 8% interest compounded annually verse a 1000 twenty year growing annuity earning 8% interest compounded annually and having a 2% annuity growth rate

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