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 will earn

5

percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of

17

percent, how soon could she then retire?

If Sarah can earn

5

percent annually for the next

25

years, the amount of money she will have to invest today is

$nothing.

(Round to the nearest cent.)

b.If Sarah can earn an annual return of

17

percent,

the number of years until she could retire is

nothing

years.(Round to one decimal place.)