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(UPLOAD THE PICTURE OF YOUR SOLUTION . INCLUDE THE CASH FLOW DIAGRAM OF THIS PROBLEM AND ROUND OFF INTEREST RATE TO 5 SIGNIFICANT PLACES AND

(UPLOAD THE PICTURE OF YOUR SOLUTION . INCLUDE THE CASH FLOW DIAGRAM OF THIS PROBLEM AND ROUND OFF INTEREST RATE TO 5 SIGNIFICANT PLACES AND YOUR FINAL ANSWER TO 2 DECIMAL PLACES.) image text in transcribed
Maintenance money for a new building has been sought Mr. Kendall would like to make a donation to cover all future expected maintenance costs for the building. These maintenance costs are expected to be P40,000 each year for the first 5 years, P50,000 each year for year 6 through 10 and P60,000 each year for year 11 through 15 . If money is placed in account that will pay 1296 interest compounded semi-annually, how large should the gift be

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