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Save Homework: Ch03HW3 Score: 0 of 1 pt 5 of 8 (6 complete HW Score: 55.71%, 4.46 of 8 pts Problem P3-15 (similar to) Question

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Save Homework: Ch03HW3 Score: 0 of 1 pt 5 of 8 (6 complete HW Score: 55.71%, 4.46 of 8 pts Problem P3-15 (similar to) Question Help Sarah Wiggum would like to make a single investment and have $2.5 million at the time of her retirement in 40 years She has found a mutual fund that will earn 4 percent annually How much will Sarah have to invest today? If Sarah invents that amount and could earn a 15 percent annual return how soon could she retire, assuming she is still going to retire when she has $2.5 million? Click on the table icon to view the PVIF table To have 525 million at retirement, the amount Sarah must invest today is 5 520,722 61 Round to the nearest cent) 1 Sarah invests that same amount and earn a 15% annual return she could refiero in approximately years. (Round to one decimal place)

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