Present value sarah wiggum would like to make a single, Financial Management

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Present value sarah wiggum would like to make a single

(Present value) Sarah Wiggum would like to make a single investment and have 2.2 million at the time of her retirement in 34 years. She has found a mutual fund that will earn 7 percent annually. How much will Sarah have to invest? today? If Sarah earned an annual return of 15?percent, how soon could she then? retire?

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