Question

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?

Answer #1

**She could retire 16.37 (34-17.63) years
earlier.**

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(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 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 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
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 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

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
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from today. She will invest in a mutual fund that's expected to
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Tilly would like to invest $3, 300 in before-tax income each
year in a retirement account or in stock investments outside the
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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...

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