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Exercise 6-15 Andrew Bogut just received a signing bonus of $1,000,000. His plan is to invest this payment in a fund that will earn 8%,

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Exercise 6-15 Andrew Bogut just received a signing bonus of $1,000,000. His plan is to invest this payment in a fund that will earn 8%, compounded an ury. Your answer is correct. If Bogut plans to establish the AB Foundation once the fund grows to $1,999,000, how many years until he can estabilish the foundation? 9 years SHOW SOLUTION SHOW

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