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Find 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 ?$1.6 million at the time of her retirement in 25 years. She has found a mutual fund that will earn 6 percent annually. How much will Sarah have to invest? today? If Sarah earned an annual return of 16 ?percent, how soon could she then? retire?

Reference no: EM132836847

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