Multiple Choice
How much more is a perpetuity of $1,000 worth than an annuity of the same amount for 20 years? Assume an interest rate of 10% and cash flows at the end of each period.
A) $297.29
B) $1,486.44
C) $1,635.08
D) $2,000.00
Correct Answer:
Verified
Correct Answer:
Verified
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