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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? 11 years
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? 11 years SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again. 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 O decimal places, e.g. 458,581.) Payments 116928
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