Question: Problem 5-47 Annuity and Perpetuity Values [LO 1 Mary is going to receive a 34-year annuity of $9,900. Nancy is going to receive a perpetuity

Problem 5-47 Annuity and Perpetuity Values [LO 1 Mary is going

Problem 5-47 Annuity and Perpetuity Values [LO 1 Mary is going to receive a 34-year annuity of $9,900. Nancy is going to receive a perpetuity of $9,900 If the appropriate interest rate is 12 percent, how much more is Nancy's cash flow worth? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value

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