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Exercise 6-15 Leon Bogut just received a signing bonus of $927,100. His plan is to invest this payment in a fund that will earn 9%,
Exercise 6-15 Leon Bogut just received a signing bonus of $927,100. His plan is to invest this payment in a fund that will earn 9%, compounded annually Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $1,694,776, how many years until he can establish the foundation? years LINK TO TEXTLINK TO TEXT Instead of investing the entire $927,100, Bogut invests $290,700 today and plans to make 7 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $1,694,776 foundation at the end of 7 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to o decimal places, e.g. 458,581.) Payments LINK TO TEXT LINK TO TEXT
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