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Sarah Wiggum would like to make a single investment and have $1.9 million at the time of her retirement in 28 years. She has found

Sarah Wiggum would like to make a single investment and have

$1.9

million at the time of her retirement in

28

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?

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