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

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answerhappygod
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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 beq

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Martin wants to provide money in his will for an annual bequestto whichever of his living relatives is oldest. That bequest willprovide $7,000 in the first​ year, and will grow by 5​% per​ year,forever. If the interest rate is 11​%, how much must Martin provideto fund this​ bequest?
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