Question
15) Sarah Wiggum would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has
15) Sarah Wiggum would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 14 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2 million?
****PLEASE
MUST use excel functions, showing me the function (screen shot) or the function used and the variables inputted (I.e. FV=?, PV=1000, NPER=5, etc.).
THANK YOU****
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