Question: WILL UPVOTE 100% What is the difference in present value between a perpetuity that pays $500 per year and an ordinary annuity that pays $500

WILL UPVOTE 100% What is the difference in present value between a perpetuity that pays $500 per year and an ordinary annuity that pays $500 per year for 20 years? Assume a discount rate of 6% and cash flows at the end of the period.

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