How much more money is required to fund an ordinary perpetuity than a 25 year ordinary annuity, if the funds can earn 7 compounded quarterly, and both pay $500 monthly ...

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

How much more money is required to fund an ordinary perpetuity than a 25-year ordinary annuity, if

Question:

How much more money is required to fund an ordinary than a 25-year ordinary annuity, if the funds can earn 7% compounded quarterly, and both pay $500 monthly?
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...