Make a donation to his sister for building a new store

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A successful man make a donation to his Sister for building a new store and upgrading shops, as well as for establishing a store fund. The donation is planned to be spent as follows: $200,000 each year for the first three years, $250,000 each year for the years 4 through 9, and then $300,000 a year indefinitely. If the store places the money into a trust account that pays 10% annually how much money should the man give now?

Reference no: EM13743371

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