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

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000