Question: How much more money is required to fund an ordinary perpetuity than a 25-year ordinary annuity if both pay $7000 quarterly and money can
How much more money is required to fund an ordinary perpetuity than a 25-year ordinary annuity if both pay $7000 quarterly and money can earn 7% compounded quarterly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) 2$ more money is required
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