Due Monday by 11:59pm Points 10 Available after Sep 25 at 10am Submitting an external tool FIN 3351 (1) (1) SE Homework: Ch. 5 Save Score: 0 of 1 pt + 6 of 10 (4 complete HW Score: 40%, 4 of... Problem 5-7 (similar to) Question Help (Future value) Sarah Wiggum would like to make a single lump-sum investment and have $2.3 million at the time of her retirement in 28 years. She has found a mutual fund that expects to earn 6 percent annually. How much must Sarah invest today? If Sarah earned an annual return of 16 percent, how much must she invest today? a. If Sarah can eam 6 percent annually for the next 28 years, how much will she have to invest today? (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 1 part remaining Clear All Check