Question

Sarah Wiggum would like to make a single investment and have ​$1.9 million at the time...

Sarah Wiggum would like to make a single investment and have ​$1.9 million at the time of her retirement in 25 years. She has found a mutual fund that will earn 55 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?

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Sarah Wiggum would like to make a single investment and have $2.3 million at the time...
Sarah Wiggum would like to make a single investment and have $2.3 million at the time of her retirement in 34 years. She has found a mutual fund that will earn 8 percent annually. How much will Sarah have to invest​ today? If Sarah earned an annual return of 16 ​percent, how soon could she then​ retire?  
Sarah Wiggum would like to make a single investment and have ​$1.3 million at the time...
Sarah Wiggum would like to make a single investment and have ​$1.3 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 3 percent annually. How much will Sarah have to invest​ today? If Sarah invests that amount and could earn a 13 percent annual​ return, how soon could she​ retire, assuming she is still going to retire when she has ​$1.3 ​million?  
Sarah Wiggum would like to make a single investment and have $2 million at the time...
Sarah Wiggum would like to make a single investment and have $2 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 invests that amount and could earn a 14 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2 million?
​ (Present value)  Sarah Wiggum would like to make a single investment and have ​$1.6 million...
​ (Present value)  Sarah Wiggum would like to make a single investment and have ​$1.6 million at the time of her retirement in 28 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest​ today? If Sarah earned an annual return of 17 ​percent, how soon could she then​ retire?   a.  If Sarah can earn 5 percent annually for the next 28 ​years, the amount of money she will have...
Sarah Wiggum would like to make a single investment and have ​$ 1.3 million at the...
Sarah Wiggum would like to make a single investment and have ​$ 1.3 million at the time of her retirement in 30 years. She has found a mutual fund that will earn 3% annually. How much will Sarah have to invest​ today? If Sarah invests that amount and could earn a 15% annual​ return, how soon could she​ retire, assuming she is still going to retire when she has ​$ ​1.3 million?   Click on the table icon to view the...
1.Sarah Wiggum would like to make a single investment and have $1.8 million at the time...
1.Sarah Wiggum would like to make a single investment and have $1.8 million at the time of her retirement in 35 years. She has found a mutual fund that will earn 7 percent annually. How much will Sarah have to invest​ today? If Sarah earned an annual return of 18 ​percent, how soon could she then​ retire? a. If Sarah can earn 7 percent annually for the next 35 years, the amount of money she will have to invest today...
​(Future value​) Sarah Wiggum would like to make a single​ lump-sum investment and have ​$1.7 million...
​(Future value​) Sarah Wiggum would like to make a single​ lump-sum investment and have ​$1.7 million at the time of her retirement in 28 years. She has found a mutual fund that expects to earn 5 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 5 percent annually for the next 28 ​years, how much will she have to invest​ today? $...
Jane would like to retire on $15,000 per month with the first retirement check on the...
Jane would like to retire on $15,000 per month with the first retirement check on the day she retires. She expects to live for 30 years after retirement. If her investment account earns 9%, how much must she have in the account on the day she retires to fund this retirement? (could you please show formulas) a. 5,400,000 b. 407,004 c. 2,180,000 d. 1,878,210 e. 1,864,228
Tilly would like to invest ​$3, 300 in​ before-tax income each year in a retirement account...
Tilly would like to invest ​$3, 300 in​ before-tax income each year in a retirement account or in stock investments outside the retirement account. Tilly likes the stock investments outside the retirement account because they provide her with more flexibility and a potentially higher return. Tilly would like to retire in 30 years. If she invests money in the retirement​ account, she can earn 77​% annually. If she invests in stock outside the​ account, she can earn 9​% annually. Tilly...
You must show your work for credit. Simply giving the final answer is not sufficient; you...
You must show your work for credit. Simply giving the final answer is not sufficient; you must explain and show how you arrived at each answer. Ignore all taxes in your Your sister turned 20 today. She is planning to save $5,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7% per year, compounded annually. She plans to retire...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT