The son is currently 10years old. In his will, Joe says $100

The son is currently 10years old. In his will, Joe says $100,000 will be used. The son will receivethe annual income from the investment until the son is 21. At that time, theson will receive no further income from the investment. Joe wants to have therest go to his wife for another 10 years after the son turns 21. After makinghis will Joe lives another 2 years and then dies. The interest rate on suitableinvestments at that time is 8%.