(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 32 years. She has found a mutual fund that will earn 7 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 18 percent, how soon could she then retire? a. If Sarah can earn 7 percent annually for the next 32 years, the amount of money she will have to invest today is $. (Round to the nearest cent.) (Related to Checkpoint 5.5) (Solving for n) How many years will it take for $520 to grow to $1,090.63 if it's invested at 6 percent compounded annually? The number of years it will take for $520 to grow to $1,090.63 at 6 percent compounded annually is years. (Round to one decimal place.) (Related to Checkpoint 5.4) (Present value) Ronen Consulting has just realized an accounting error that has resulted in an unfunded liability of $395,000 due in 25 years. In other words they will need $395,000 in 25 years. Toni Flanders, the company's CEO, is scrambling to discount the liability to the present to assist in valuing the firm's stock. If the appropriate discount rate is 9 percent, what is the present value of the liability? If the appropriate discount rate is 9 percent, the present value of the $395,000 liability due in 25 years is $ (Round to the nearest cent.)