Business, 25.02.2020 04:33 syrai1254

In your will, you bequeath $6,000,000 into an account that earns 15% annually. The account will fund an annual award in perpetuity that will be given to a world leader who has excellent intentions to promote peace. If you want the award amount to increase by 5% every year, what will be the first year's award amount be?

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In your will, you bequeath $6,000,000 into an account that earns 15% annually. The account will fund...

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