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Instead of investing the entire $1,077,000, Bogut invests $315,500 today and plans to make 9 equal annual investments into the fund beginning one year from

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Instead of investing the entire $1,077,000, Bogut invests $315,500 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $2,152,923 foundation at the end of 9 years? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Payments If Bogut plans to establish the AB Foundation once the fund grows to $2,152,923, how many years until he can establish the foundation? (Round factor values to 5 decimal places, e. 1.25124 and final answer to 0 decimal places, e.g. 25.) years eTextbook and Media Attempts: unlimited (b) Instead of investing the entire $1,077,000. Bogut invests $315,500 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $2,152,923 foundation at the end of 9 years? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

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