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Robert Bogut just received a signing bonus of $1,084,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually.

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Robert Bogut just received a signing bonus of $1,084,000. His plan is to invest this payment in a fund that will earn 8%, compounded annually. Clickhere to view factor tables (a) If Bogut plans to establish the AB Foundation once the fund grows to $2,166,916, how many years until he can establish the foundation? (Round factor values to 5 decimal places, es. 1.25124 and final answer to 0 decimal places, e.8. 25.) years

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