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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?  

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

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