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Business, 10.10.2019 16:30 Deagon83951

Maintenance money for an athletic complex has been sought. mr. kendall, the athletic director, would like to solicit a donation to cover all future expected maintenance costs for the building. these maintenance costs are expected to be $1 million each year for the first five years, $1.3 million each year for years 6 through 10, and $1.5 million each year after that. (the building has an indefinite service life.)if the money is placed in the account that will pay 5% interest compounded annually, how large should the gift be?

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