Question: please show formula and calculation do not use excel. thank you! Old Main is a historic campus landmark that needs maintenance and repairs to its

please show formula and calculation do not use excel.
thank you!
please show formula and calculation do not use excel. thank you! Old

Old Main is a historic campus landmark that needs maintenance and repairs to its bell tower every 15 years. Each time the maintenance and repairs are completed, this costs $850.000. The university is seeking a donor to establish an endowment that will pay for all the Old Main bell tower repair and maintenance costs. How large of a charitable gift should the University pursue, assuming the donor's gift is invested in a fund that earns 496 compounded annually? Click here to access the TVM Factor Table calculator. Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is $7,000

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