You want to give a lifetime gift to your favorite charity. You want them to have $10,000 every year.
A. How much do you need to give them if they earn 5% APR compounded annually on their investments?
B. What if you want to ensure that your favorite charity has $10,000 in the first year and grows 2% annually?
C. Let's say you have 20 years to save this growing amount. How much do you need to save annually if you earn 8% on your investments?