Your answer is incorrect.

Old Main is a historic campus landmark that needs maintenance and repairs to its bell tower every $12$ years. Each time the

maintenance and repairs are completed, this costs $$950,000.$ 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 $6\%$ 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.$

Your answer is incorrect.

Old Main is a historic campus landmark that needs maintenance and repairs to its bell tower every $12$ years. Each time the

maintenance and repairs are completed, this costs $$950,000.$ 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 $6\%$ 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.$

Both attempts were incorrect, need correct answer fast!!!!