LeonBogut just received a signing bonus of $927,100. His plan is to invest this payment in a fund that will earn9%, compounded annually.

If Bogut plans to establish the AB Foundation once the fund grows to $1,694,776, how many years until he can establish the foundation?

1)Enter a number of years:

Instead of investing the entire $927,100, Bogut invests $290,700today and plans to make7equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $1,694,776foundation at the end of7years?(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

2) Payments: $

(enter a dollar amount rounded to 0 decimal places)