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Business, 19.02.2020 23:00 shakaylaousley1997

(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $2.2 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 14 percent, how soon could she then retire?

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