Martin Wants to Provide Money in His Will for an Annual

question 18

Multiple Choice

Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest.That bequest will provide $1000 in the first year,and will grow by 7% per year,forever.If the interest rate is 11%,how much must Martin provide to fund this bequest?

• A)$9090.91
• B)$14,285.71
• C)$25,000.00
• D)$36,687.45
• E)$5555.56

---

Definitions:

Reflection of Meaning

The process of exploring and clarifying the values, beliefs, and meanings behind a client's statements in counseling.

Paraphrase

The act of rewording or restating a text or passage in one's own words.

Counseling Session

A structured meeting between a counselor and a client aimed at addressing personal, social, or psychological issues through dialogue and intervention strategies.

Focusing Summary

A technique in counseling used to capture the essence of the client's discussion, helping them to focus on key aspects of their experience or issue.