Ally Wishes to Leave a Provision in Her Will That

question 14

Multiple Choice

Ally wishes to leave a provision in her will that $2000 will be paid annually in perpetuity to a local charity.How much must she provide in her will for this perpetuity if the interest rate is 6%?

• A)$3201.21
• B)$21,200.00
• C)$33,333.33
• D)$42,000.00

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Definitions:

Cultigens

Plants that have been deliberately altered or selected by humans for cultivation, often different from their wild ancestors.

Seed Crop

Plants that are grown primarily for the purpose of producing seeds for planting new crops, rather than for immediate consumption.

Food Production

The process of creating food products through farming, ranching, and fisheries, including preparation and packaging.

Food Foraging

The practice of gathering wild food resources, including plants, fungi, and animals, primarily as a means of subsistence.