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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
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 by 7% per year, forever. If the interest rate is 10%, how much must Martin provide to fund this bequest? OA. $133,333 OB. $160,000 O c. $66,667 OD. $106,667
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