When taxpayers donate cash and capital gain property to a public charity, the agi percentage limitation is applied in the following order: -a 30 percent of agi limitation is applied to the aggregate donation.-a 50 percent of agi limitation is applied to the cash donation and a 20 percent of agi limitation is applied to the fair market value of the capital gain donation.-a 30 percent of agi limitation is applied to the cash donation and a 20 percent of agi limitation is applied to the fair market value of the capital gain donation.-a 50 percent of agi limitation is applied to the cash donation and the fair market value of the capital gain donation is subject to the lesser of a 30 percent of agi limitation or a 50 percent of agi limitation after subtracting the cash contributions.-donations to public charities are not subject to agi limitations.

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76