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(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $2.0 milion at the time of her retirement
(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have \$2.0 milion at the time of her retirement in 35 years. She has found a mutual fund that will eam 4 percent annualy. How much wis Sarah have to imvest today? If Sarah earned an annual retum of 14 percent, how soon could she then reere? a. If Sarah can eam 4 percent annualy for the next 35 years, the amount of money she will have to invest foday is 5 (Found to the nearest cent)
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