g Investment A offers to pay $500 per year forever, starting one year from today. Investment B offers to pay $400, starting one year from today, followed by 5% annual growth rate every year forever. For what effective annual discount rate would you be indifferent between the two investments

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen