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(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment...

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(Related to Checkpoint 5.4) (Present value) Sarah Wiggum would like to make a single investment and have $20 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 earned an annual return of 14 percent how soon could she then retire? a. If Sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is $(Round to the nearest cent)

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