How much will amanda have to invest? today

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Problem 1: Amanda Lavoie would like to make a single investment and have ?$2.0 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Amanda have to invest? today? If Amanda earned an annual return of 14 ?percent, how soon could she then? retire? 

Reference no: EM132942704

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