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Henry Bogut just received a signing bonus of $974,100. His plan is to invest this payment in a fund that will earn 12%, compounded annually.

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Henry Bogut just received a signing bonus of $974,100. 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 $4,760,534, how many years until he can establish the foundation? years eTextbook and Media Instead of investing the entire $974,100, Bogut invests $316,800 today and plans to make 14 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $4,760,534 foundation at the end of 14 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payments $

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