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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 8% compounded quarterly, and
How much more money is required to fund an ordinary perpetuity than a 25-year ordinary annuity, if the funds can earn 8% compounded quarterly, and both pay $700 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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