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Sarah Wiggum would like to make a single investment and have $ 1 . 8 million at the time of her retirement in 3 2

Sarah Wiggum would like to make a single investment and have $1.8 million at the time of her retirement in 32 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 17percent, how soon could she then retire?
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Part 1
a.If Sarah can earn 4 percent annually for the next 32years, the amount of money she will have to invest today is $
enter your response here. (Round to the nearest cent.)

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