How much will sarah have to invest? today

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Problem1 : Sarah Wiggum would like to make a single investment and have ?$1.1 million at the time of her retirement in 25 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest? today? If Sarah invests that amount and could earn a 15 percent annual? return, how soon could she? retire, assuming she is still going to retire when she has ?$1.1 ?million? 

Reference no: EM132757427

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