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Question 10 Morgan Bogut just received a signing bonus of $ 925,700. His plan is to invest this payment in a fund that will earn
Question 10 Morgan Bogut just received a signing bonus of $ 925,700. His plan is to invest this payment in a fund that will earn 11%, compounded annually. Click here to viewfactor tables XYour answer is incorrect. If Bogut plans to establish the AB Foundation once the fund grows to $ 3,594,752, omny years until he can establish the foundation? 11 years XYour answer is incorrect. Instead of investing the entire $ 925,700, Bogut invests $ 285,600 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 $ 3,594,752 foundation at the end of 13 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to C decimal places, e.g. 458,581) Payments 298,489
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