Sarah Wiggum would like to make a single investment and have $2.6 million at the time of her retirement in 25 years. She has found a mutual fund that will earn 6 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 14 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2.6 million? Click on the table icon to view the PVIF table To have $2.6 million at retirement, the amount Sarah must invest today is (Round to the nearest cent.) $ If Sarah invests that same amount and earn a 14% annual return, she could retire in approximately years. (Round to one decimal place.) Data table Present Value of $1 (PVF) 1% 2% 3% 4% 5% 7% 8% 9% 10% 11% 12% 13% 14% 16% 16% 17% 70% 19% 20% 1 0.990 0.900 0971 0962 0962 0943 0935 0926 0917 0900 0901 0893 0805 ONZ 0870 0.062 0855 0547 0.040 0933 2 0.950 0961 0.943 0925 0907 0.890 0873 0857 0842 0626 0812 0797 0783 0769 0756 0743 0731 0718 o 706 0.004 3 0971 0942 0915 0800 0864 0840 0816 0794 0772 0751 0731 0712 0600 0675 0658 0041 0.024 0609 0590 0520 4 0901 0924 0888 0855 0823 0792 0763 0735 0700 0.683 0650 0036 0015 0.500 0572 0552 0.534 0516 0400 0482 3 0951 0906 0863 0822 0784 0747 0713 0681 0650 0621 0.593 0.567 0543 0510 0497 0416 0456 0437 0.419 0402 0.942 O 888 0.8371 0790 0740 0705 0066 7 0933 0871 0813 0.700 0711 0.065 0623 0630 0506 0583 0.547 0480 8 0023 0853 0.789 0731 0.677 0627 0582 0540 0502 0467 D 0.914 0.037 0766 0.703 0645 10 0905 0820 0744 0676 0.014 0592 0558 11 0.896 0804 0722 12 on87 0768 0701 13 0879 14 0870 15 01161 0743 16 0.853 0728 0623 0527 0625 0557 0497 0773 0681 0601 0530 0460 0758 0661 0577 0505 0.442 0.642 0555 0401 0417 0304 0650 0585 0544 0508 0475 0.391 0352 0322 0534 0458 17 0844 0714 0.005 0513 0.436 0371 0836 0700 0.587 0494 0416 0350 0.290 0250 0212 19 0828 0686 0570 0475 0306 20 0120 0673 0.554 0450 0377 0331 0277 0312 025 0232 0194 0215 0178 0500 0460 0424 0453 0422 0306 0429 0368 0350 0317 0444 0397 0356 0319 0206 0257 0415 0368 0.326 0290 0258 0220 0204 0.182 0163 0.388 0.340 0290 0263 0232 0205 0.181 0.100 0.141 0362 0315 0275 0239 0209 0.183 0100 0140 0.123 0100 0095 0339 0292 0252 0218 0.188 0163 0141 0123 0.107 0003 0.001 0317 0.270 0231 0100 0170 0.140 0125 0100 0.003 0080) 0009 0180 0153 0.130 0111 0095 0081 060 0050 0.164 0138 0116 0098 0083 0.070 0060 0149 0124 0104 0.007 0073 0061 0051 0295 0270 0287 0.261 0564 0535 0507 0.432 0410 0.390 0513 0482 0452 0.425 0400 0370 0354 0434 0.404 0370 0351 0327 0305 0361 0.333 0.30 0284 0.263 0227 0200 0178 0.456 0370 0352 0335 0333 0314 0.296 027 0285 0206 0240 0233 0243 0225 0200 0.104 0247 0191 0.170 0182 0237 0215 0 195 0162 014 0135 0231 0.20 0.187 0 160 0152 0137 0124 0112 0.145 0130 0116 0104 0093 0125 0111 0099 0076 0004 0.074 0065 0071 0002 005 0060 0.052 0045 0051 0044 0.00 0.051 0.043 0037 0.031 0043 0037 0.031 0020