Purdue university asked mary to increase her gift to, Financial Management

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Purdue university asked mary to increase her gift to

Mary decided to support Purdue University's cycle giving circle with a gift of $10,000 per year forever. Purdue earns 6% per year on its investments and the first cycle giving circle is in a years time. Purdue University asked Mary to increase her gift to account for inflation in future years. If inflation rises by 2.5%, Mary's donation now is closest to?

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