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Instead of investing the entire $1,000,000, Bogut invests $300,000 today and plans to make 9...

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Accounting

Instead of investing the entire $1,000,000, Bogut invests $300,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Bogut plans to establish the $1,407,100 foundation at the end of 9 years

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