How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity,...

Question

Question

How much more money is required to fund an ordinary perpetuity than a 35-year ordinary annuity, if the funds can earn 6% comp

Answer 1

Answer #1

Number of months = 35 years * 12months = 420 months Interest per month = 6%/4 = 1.50% per month Monthly EMI = $800.00 Annuity

Answer 2

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