Donate toward perpetual upkeep of the newly built park

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Reference no: EM13977203

The local city government has the offer of a gift. The donor wants to donate toward perpetual upkeep of the newly built park. If the upkeep cost is $25,000 per year and her gift as a long term investment can earn 8% annually, the gift should be Answer

a. $250,000/8 b. $250,000 c. $312,500 d. $250,000/8

Reference no: EM13977203

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