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(Felated to Checlpoint 5.4 ) (Present value) Sarah Wogm would like to make a single irvertment and hwe $2.4 milion at tho time of her

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(Felated to Checlpoint 5.4 ) (Present value) Sarah Wogm would like to make a single irvertment and hwe $2.4 milion at tho time of her petiennert in 30 yearn. 5 hise has found a mutual fund that will eam 6 porcent ancally. How much will Sarah have to invest today? It Sarah earned an wrue return ol 14 percent, how soon caid she then retre? a. If Sarah can eam 6 percent anually for the next 30 years, the ainount of money she wit have to invest today is 4 (Round to the nearest cent.) b. If Sarah can eam an anvual retum of 14 percent, the number of years uncil she could retire is yoars: (Round to one docimai place)

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