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Please show all work and number each problem correctly! would like to make a single investment and have $1.4 million at the time of her
Please show all work and number each problem correctly!
would like to make a single investment and have $1.4 million at the time of her retirement in 30 years. She a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah invests that has found amount and could earn a 13 percent annual return, how soon could she retire assuming she is still going to retire when she has $1.4 million? Click on the table icon to view the PVIF table To have $1.4 million at retirement, the amount Sarah must invest today is $ If Sarah invests that same amount and eam a 13% annual return, she could retire in approximately Present Value of $1 (PVIF) 10% 11%112% | 13% | 14% | 15% | 16%| 17% | 18% | 19 0.7510.731 0.7120.6930.6750.6580.641 0.6240.6090.5930. 0.613 0.592 0.5720.5520.5340.5160.499 0. 3 0.9710.942 0.9150.889 0.8640.840 0.816 0.794 0.507 0.4800.4560.432 0.410 0.3900.370 0.4000.376 0.3540.3330.3140.2960 0.181|0.160|0.1410. 12510.111|0,099|0.0 50.8610.7430.642 0.5550.481 0.4170.362 0.3150.2750.2390.2090.1830.160 0.1400.123 0.1080 0.3711031 710.2700.2310. 1980.1700. 1460125|0.108 000.587 0.494 0.416 0.3310.2770.2320.1940.1640.1380.1160.098 0.0830.070 0.0600.051 0.0430.037 0.1240.1040.0870.0730.061 0.8030.6470.522 0.422 0.342 0.2780.226 0.184 0.1500.1230.101 0.0680.056 0,046 0.038 0.032 0.0260.022 0.0260.0190.014 0.010 0.0080.006 0.004 0.003 0.0020 0.0150.011 0.008 0.005 0.004 0.003 0.002 0.0010.001 0.7060.5000.3550.2530.181 0.1300.094 0.068 0.04 500.6080.3720.2280.141 0.0870.0540.0 20000000 853 00-0 6704 10000 1000000-0 to 544-3 10000 00 0 2 2 2 A A A A A 7776 0 0 n:12:3456785|01|23a56789 Step by Step Solution
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