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Frank Kaminski just received a signing bonus of $2,000,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually,
Frank Kaminski just received a signing bonus of $2,000,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually, If Frank plans to establish the Frank the Tank Foundation once the fund grows to $3, 998,000, how many years until he can establish the foundation? Years Instead of investing the entire $2,000,000, Bogut invests $600,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be to establish the $3, 998,000 Frank the Tank Foundation at the end of 9 years? Payments $
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