Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 26 Apr 2018 My Price 5.00

Bogut plans

 

 

If Bogut plans to establish the AB Foundation once the fund grows to $1,986,897, how many years until he can establish the foundation?

 years
 

LINK TO TEXT

LINK TO TEXT

 

 

Instead of investing the entire $1,086,900, Bogut invests $313,900 today and plans to make 7 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $1,986,897 foundation at the end of 7 years? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
Payments   $

Steve Bogut just received a signing bonus of $1,086,900. His plan is to invest this payment in a fund that will earn 9%, compounded annually.

Click here to view factor tables

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 26 Apr 2018 08:04 PM My Price 5.00

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