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Susan plans for her children and children's children to inherit a perpetual annual cash amount entitlement starting at some point in the future. Susan estimates
Susan plans for her children and children's children to inherit a perpetual annual cash amount entitlement starting at some point in the future. Susan estimates that her investment will be worth one million 30 years from today (i.e., t=30 ). One year after year 30 , (i.e., t=31 ), Susan wants her beneficiaries to receive an annual cash amount of $C, and for every year thereafter into the indefinite future, to receive the same cash amount $C. Given an interest rate of 7% per annum over the entire valuation horizon, what is the annual cash amount \$C
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