Exercise 6-15 John Bogut just received a signing bonus of $974,400. His plan is to invest this payment in a fund that will earn 12%, compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $3,389,499, how many years until he can establish the foundation? years Instead of investing the entire $974,400, Bogut invests $329,600 today and plans to make 11 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $3,389,499 foundation at the end of 11 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payments