411.2
2.Let's say that you have 2 grandchildren and you want to give
them something to remember you by when you die. You want to set
up a fund that will pay each of them $1000 per year forever
starting when they turn 18. If one of your grandchildren is 17
and the other is 14, what total amount do you need to invest
today? Assume a discount rate of 8% per year.