A perpetuity is to pay $10,000 at the end of every six months. How much less money is required to fund the perpetuity if the money can be invested to earn 5% compounded semi-annually?

Question

Quizplus · Accepted Answer

The Answer of A perpetuity is to pay $10,000 at the end of every six months. How much less money is required to fund the perpetuity if the money can be invested to earn 5% compounded semi-annually?

A Perpetuity Is to Pay $10,000 at the End of Every