Instead of investing the entire 949100 bogut invests 278900, Ask an Expert

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Instead of investing the entire $949,100, Bogut invests $278,900 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 $3,685,621 foundation at the end of 13 years?

(Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92766496

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