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Sarah Wiggum would like to make a single investment and have $2.0 million at the time of her retirement in 35 years. She has found
Sarah Wiggum would like to make a single investment and have
$2.0
million at the time of her retirement in
35
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
14
percent, how soon could she then retire?
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