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Instead of investing the entire $927,100, Bogut invests $290,700 today and plans to make 7 equal annual investments into the fund beginning one year from
Instead of investing the entire $927,100, Bogut invests $290,700 today and plans to make 7 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $1,694,776 foundation at the end of 7 years?
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