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maintenance money for an athletic complex has been sought by Mr Kendall the athletic director he would like to solicit a donation to cover all
maintenance money for an athletic complex has been sought by Mr Kendall the athletic director he would like to solicit a donation to cover all future expected maintenance costs for the building. these maintenance costs are expected to be 1.4 million each year for the first 5 years 1.7 million each year for year 6 through 10 and 1.9 million each year after that The building has an indefinite service life if the money is placed into account they will pay 7% interest compounded annually how large should the gift be?
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