Question 18 1 pts An annual perpetuity to the school. Date of first perpetuity payment: 9/1/2005. Amount of first perpetuity payment: $100,000. Increase in annual perpetuity payments: 2.5% per year, compounded annually. Interest rate on benefactor fund: 8% per year, compounded annually. In what range is the amount of the donation? $1,208,000 or more $1,206,000 but less than $1,208,000 $1,202,000 but less than $1,204,000 $1,204,000 but less than $1,206,000 O Less than $1,202,000