Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $ 8 comma 000 in the first year, and will grow by 5% per year, forever. If the interest rate is 11%, how much must Martin provide to fund this bequest?

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding