Problem 5-47 Annuity and Perpetuity Values [LO 1] Mary is going to receive a 38-year annuity of $10,300 per year. Nancy is going to receive a perpetuity of $10,300 per year. If the appropriate interest rate is 11 percent, how much more is Nancy's cash flow worth? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Present value

Problem 5.47 Annuity and Perpetuity Values [LO 1 1] Mary is going to recelve a 38 -year annuity of $10,300 per year. Nancy is going to recelve a perpetulty of $10,300 per year. If the appropriate interest rate is 11 percent, how much more is Nancy's cash flow worth? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16