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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million at the time of her retirement in
28
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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...

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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?
$...

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b. 407,004
c. 2,180,000
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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
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on their invested assets. How much do they need to Invest Today to
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