A wealthy benefactor wants to make a donation to a charity that will provide the charity with annual income of $250,000 forever,with the first payment to the charity made exactly 10 years from today.Assume that money donated to the charity will be invested in an account that earns 6%.How large must the donation be to generate the desired income stream?

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The Answer of A wealthy benefactor wants to make a donation to a charity that will provide the charity with annual income of $250,000 forever,with the first payment to the charity made exactly 10 years from today.Assume that money donated to the charity will be invested in an account that earns 6%.How large must the donation be to generate the desired income stream?

A Wealthy Benefactor Wants to Make a Donation to a Charity