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2 a) Geogre Masatu anid Maria Kmbele are both graduater of the Dar es salaam Institute of technology. They both agres to Contribute to the

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2 a) Geogre Masatu anid Maria Kmbele are both graduater of the Dar es salaam Institute of technology. They both agres to Contribute to the endowment fund of Fil. Geogre Sayjs that he will give Tsh 500,000 at the end Geogre Says that he will give Tsh 500,000 at the end of each year for 9 years. Mara prefers to give lump of each year What lump Sum Can she give that will equal the present value of George's annual Contribution if the encow ment fund earns 7.5% Compounded amnually

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