Sarah Wiggum would like to make a single investment and have

$2.82.8

million at the time of her retirement in

2525

years. She has found a mutual fund that will earn

33

percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a

1515

percent annual return, how soon could she retire, assuming she is still going to retire when she has

$2.82.8

million?Click on the table icon to view the PVIF table

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.

To have

$2.82.8

million at retirement, the amount Sarah must invest today is

$nothing.

(Round to the nearest cent.)