Sarah wiggum would like to make a single investment and


Sarah Wiggum would like to make a single investment and have ?$1.6 million at the time of her retirement in 28 years. She has found a mutual fund that will earn 5 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? 

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Financial Management: Sarah wiggum would like to make a single investment and
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