What percentage more money is required to fund an ordinary perpetuity than to fund a 30 year ordinary annuity, if the funds can earn 5 8 compounded semiannually The perpetuity and the annuity each pay $1000 semiannually ...

The amount required to fund an annuity or a perpetuity is the present va ...

What percentage more money is required to fund an ordinary perpetuity than to fund a 30-year ordinary

Question:

What percentage more money is required to fund an ordinary than to fund a 30-year ordinary if the funds can earn 5.8% compounded semiannually? The and the each pay $1000 semiannually.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Perpetuity
Perpetuity refers to payments that are made without an end or maturity date. A perpetuity is classified as an annuity, which is something that earns a dividend or receives a payment at a regularly scheduled interval, generally yearly. So, how...