Sarah Wiggum would like to make a single investment and have $2.9 million at the time of her retirement in 25 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 15 percent annual return, how soon could she retire, assuming she is still going to retire when she has $2.9million? To have $2.9 million at retirement, the amount Sarah must invest today is $______? .
The work provided by the experts from firstclasshonors.com are model papers for students and it should not be submitted as it is in their school, college, or university. Our crafted papers are strictly intended to help students on their grades
+1 (740) 470 2447