Q. 1

i) My rich uncle gave me RM 1,000,000 as gift, he restricted that I can only withdraw RM 100, 000 at the end of each year. Given I keep the money in a trust that give 8% interest. How long I can withdraw RM 100, 000 a year before the fund dries out.

ii) Perpetuity means annuity that can last forever, find the perpetuity for the above-mentioned scenario.