Business, 22.07.2021 23:50 hannamcbrayer1

Sarah Wiggum would like to make a singlelump-sum investment and have $1.6 million at the time of her retirement in 32 years. She has found a mutual fund that expects to earn 4 percent annually. How much must Sarah invest today?
If Sarah earned an annual return of 16 percent, how much must she invest today?
If Sarah can earn 4 percent annually for the next 32 years, how much will she have to invest today?

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Sarah Wiggum would like to make a singlelump-sum investment and have $1.6 million at the time of h...