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(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $2.2 million at the time of her retirement

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(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $2.2 million at the time of her retirement in 25 years. She has found a mutual fund that wil earn 4 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

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