Lily Bobtail wishes to leave a provision in her will that $2 000 will be paid annually in perpetuity to a local charity. How much must she provide in her will for this perpetuity if the interest rate...


Lily Bobtail wishes to leave a provision in her will that $2 000 will be paid annually in perpetuity to a local charity. How much must she provide in her will for this perpetuity if the interest rate is 6% per annum?




a.
$33,333.33




b.
$50,000




c.
$40,000




d.
$66,666.67






Jun 04, 2022
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