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

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Sarah wiggum would like to make a single investment and

Sarah Wiggum would like to make a single investment and have $2.4 million at the time of her retirement in 34 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 14 ?percent, how soon could she then? retire?

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