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 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.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: