Make single investment, Sarah Wiggum would like to make a

Make single investment

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Reference no: EM131964144

1. Sarah Wiggum would like to make a single investment and have ?$2.2 million at the time of her retirement in 32 years. She has found a mutual fund that will earn 8 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?

2. How many years will it take for ?$500 to grow to ?$1,015.91 if? it's invested at 9 percent compounded? annually?

Reference no: EM131964144

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