Newman Bogut just received a signing bonus of $902,900. His plan is to invest this payment in a fund that will earn 9%, compounded annually.If Bogut plans to establish the AB Foundation once the fund grows to $2,768,111, how many years until he can establish the foundation?

Instead of investing the entire $902,900, Bogut invests $317,300 today and plans to make 13 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $2,768,111 foundation at the end of 13 years?