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How soon could she? retire

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Sarah Wiggum would like to make a single investment and have ?$2.5 million at the time of her retirement in 40 years. She has found a mutual fund that will earn 3 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 ?$2.5 ?million?

Reference no: EM132770406

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