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David Bogut just received a signing bonus of $1,081,000. His plan is to invest this payment in a fund that will earn 8%, compounded
David Bogut just received a signing bonus of $1,081,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually. Click here to view factor tables. (a) Your answer is correct. If Bogut plans to establish the AB Foundation once the fund grows to $2,160,919, how many years until he can establish the foundation? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 25.) years 4
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