Under the headline Local Theatre Project Receives $1 Million! a newspaper article explained that the Theatre Project

Question:

Under the headline “Local Theatre Project Receives $1 Million!” a newspaper article explained that the Theatre Project had just received the first of ten annual grants of $100,000 from the Hinton Foundation. What is the current economic value of all of the grants if money is worth 7.5% compounded monthly?

Fantastic news! We've Found the answer you've been seeking!