What is the present worth difference between an investment of $15,000 per year for 35 years and an investment of $15,000 per year forever at an interest rate of 13% per year?   The difference is determined to be $

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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What is the present worth difference between an investment of $15,000 per year for 35 years and an investment of $15,000 per year forever at an interest rate of 13% per year?

 

The difference is determined to be $

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