Steve Bogut just received a signing bonus of $974,100. His plan is to invest this payment in a… 1 answer below »

Steve Bogut just received a signing bonus of $974,100. His plan is to invest this payment in a fund that will earn 12%, compounded annually.
If Bogut plans to establish the AB Foundation once the fund grows to $4,760,534, how many years until he can establish the foundation?

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