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(Related to Checkpoint 5,4) (Present value) Sarah Wiggum would like to make a single investment and have $1.6 million at the time of her retirement in 32 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 15 percent. how soon could she then retire? a. I Sarah can earn 5 percent annually for the next 32 years, the amount of money she will have to invest today is $(Round to the nearest cont.)