Martin wants to provide money in his will for an annual


Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $4,000 in the first? year, and will grow by4?%per? year, forever. If the interest rate is 10?%,how much must Martin provide to fund this? bequest?

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Financial Management: Martin wants to provide money in his will for an annual
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