Question: If money can earn 9% compounded monthly, how much more money is required to fund an ordinary annuity paying $370 per month for 30 years
If money can earn 9% compounded monthly, how much more money is required to fund an ordinary annuity paying $370 per month for 30 years than to fund the same monthly payment for 20 years? (Do not round intermediate calculations and round your final answer to 2 decimal places.) $ more is required.
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