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Homework: Chapter 5 Homework Save Score: 0 of 1 pt 3 of 7 (1 complete) HW Score: 12.5%, 1 of 8 pts P5-12 (similar to)

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Homework: Chapter 5 Homework Save Score: 0 of 1 pt 3 of 7 (1 complete) HW Score: 12.5%, 1 of 8 pts P5-12 (similar to) Question Help (Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $1.8 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest today? If Sarah eamed an annual return of 15 percent, how soon could she then retire? a. If Sarah can earn 5 percent annually for the next 30 years, the amount of money she will have to invest today is 5 (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer ? part remaining Clear All Type here to search DI c A pl

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