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Exercise 6-15 Steve Bogut just received a signing bonus of $980,400. His plan is to invest this payment in a fund that will earn 8%, compounded annually. Click here to view factor tables If Bogut plans to establish the AB Foundation once the fund grows to $2,879,621, how many years until he can establish the foundation? years Instead of investing the entire $980,400, Bogut invests $322,600 today and plans to make 14 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $2,879,621 foundation at the end of 14 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