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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. Click bere to view factor tables. (a) Your answer is correct. 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 foctor values to 5 decimal ploces, es. 1.25124 and finol answer to 0 decimal places, es. 25.) years Instead of investing the entire $1,084,000, Bogut invests $315,300 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the paymenk be if Bogut plans to establish the $2,166,916 foundation at the end of 9 years? (Round foctor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, e.s. 458.581.) Payments

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