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Martin wants to provide money in his will for an annual bequest to whichever of his Iiving relatives is oldest. That bequest will provide $5,000

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Martin wants to provide money in his will for an annual bequest to whichever of his Iiving relatives is oldest. That bequest will provide $5,000 in the first year, and will grow by 5% per year, forever. If the interest rate is 12%, how much must Martin provide to fund this bequest? A. $57,143 B. $71,429 C. $85,714 D. $35,714

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