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Instead of investing the entire $1,400,000, Bogut invests $600,000 today and plans to make 6 equal annual investments into the fund beginning one year from
Instead of investing the entire $1,400,000, Bogut invests $600,000 today and plans to make 6 equal annual investments into the fund beginning one year from today. What amount should the payments be to establish the $1,876,000 John the Tank Foundation at the end of 6 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581 Payments Click if you would like to Show Work for this question: Open Show Work Instead of investing the entire $1,400,000, Bogut invests $600,000 today and plans to make 6 equal annual investments into the fund beginning one year from today. What amount should the payments be to establish the $1,876,000 John the Tank Foundation at the end of 6 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581 Payments Click if you would like to Show Work for this question: Open Show Work
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