Present value sarah wiggum would like to make a single, Ask an Expert

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(Present value). Sarah Wiggum would like to make a single investment and have $2.1 million at the time of her retirement and 26 years. She has found a mutual fund that will earn 7% annually. How much will Sarah have to invest today? If Sarah earned an annual return of 17%, how soon could she then retire?

a. If Sarah can earn 7% annually for the next 26 years, the amount of money she will have to invest today is $______.

b. If Sarah can earn an annual return of 17%, the number of years until she could retire is______years.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92676273

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