In order to maintain RAB University’s football stadium, the athletic department of the university needs annual maintenance costs of $60,000, annual insurance costs of $5,000, and annual utilities costs of $1,500. In addition, the department needs

$100,000 worth of donations every 10 years for expansion projects. If the department opens a special account that pays 2.3% per year, how much must be deposited into this account now to pay for these annual costs for ever?