Determine how much will sarah have to invest? today

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Problem 1: Sarah Wiggum would like to make a single investment and have ?$2.6 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest? today? If Sarah invests that amount and could earn a 13 percent annual? return, how soon could she? retire, assuming she is still going to retire when she has ?$2.6 ?million? To have ?$2.6 million at? retirement, the amount Sarah must invest today would be what?

Reference no: EM132983705

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