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nevsk [136]
3 years ago
15

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

l provide $ 1 comma 000 $1,000 in the first​ year, and will grow by 6 6​% per​ year, forever. If the interest rate is 12 12​%, how much must Martin provide to fund this​ bequest?
Business
1 answer:
8090 [49]3 years ago
3 0

Answer:

$16,667

Explanation:

Given that

Cash flows = $1,000

Growth rate = 6%

Interest rate = 12%

So by considering the above information, the amount would be

Amount = Cash flows ÷ (Interest rate - growth rate)

= $1,000 ÷ (12% - 6%)

= $16,667

We simply applied the above formula so that the amount could come by considering the given information

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mojhsa [17]

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3 years ago
The theory of purchasing power parity assumes that.
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<h3 /><h3>What is purchasing power parity?</h3>

Purchasing power parity (PPP) is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.

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5 0
2 years ago
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Answer:

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