Question
How much more money is required to fund an ordinary perpetuity than a 15-year ordinary annuity, if the funds can earn 5% compounded quarterly, and
| How much more money is required to fund an ordinary perpetuity than a 15-year ordinary annuity, if the funds can earn 5% compounded quarterly, and both pay $600 monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places.) | |
| $ more money is needed to fund the perpetuity | |
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
