Business, 20.02.2020 03:18, hayleydawn

Sarah Wiggum would like to make a single investment and have $2.4 million at the time of her retirement in 40 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 15 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2.4 million?

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Sarah Wiggum would like to make a single investment and have $2.4 million at the time of her retirem...