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Maria and Elena both graduated from UCF and they would like to contribute to UCF's annual fund. The endowment fund earns 7 % interest compounded

Maria and Elena both graduated from UCF and they would like to contribute to UCF's annual fund. The endowment fund earns $7 %$ interest compounded annually. Maria will donate $ $300$ at the end of each year for the next $10$ years. Elena prefers to give one lump sum today. What lump sum can she give today so that in $10$ years time the value of both people's contributions will be the same?To figure this out, what formula should you use?

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