Sarah Wiggum would like to make a single investment and have…

Sarah Wiggum would like to make a single investment and have $2.1 million at the time of her retirement in 32 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 16 percent, how soon could she then retire? a. If Sarah can earn 7 percent annually for the next 32 years, the amount of money she will have to invest today is $. b. If Sarah can earn an annual return of 16 percent, the number of years until she could retire is years.
Sarah Wiggum would like to make a single investment and have…

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