Your aunt, in her will, left you the sum of £5,000 a year forever with payments starting immediately. However, the news is better.She has speciﬁed that the amount should grow at 5% per year to maintain purchasing power.Given an interest rate of 12%, what is the PV of the inheritance?

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The Answer of Your aunt, in her will, left you the sum of £5,000 a year forever with payments starting immediately. However, the news is better.She has speciﬁed that the amount should grow at 5% per year to maintain purchasing power.Given an interest rate of 12%, what is the PV of the inheritance?

Your Aunt, in Her Will, Left You the Sum of £5,000