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Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $3,

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Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $3, 000 in the first year, and will grow by 4% per year, forever. If the interest rate is 12%, how much must Martin provide to fund this bequest? $37, 500 $45, 000 $18, 750 $30, 000

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