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

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How much more money is required to fund an ordinary perpetuity than a 25-year ordinary annuity, if the funds can earn 4% compounded quarterly, and both pay $500 monthly?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 04:34 AM

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

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Fundamentals Of Business Mathematics In Canada

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