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Sarah Wiggum

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 ​$2.9​million? To have ​$2.9 million at​ retirement, the amount Sarah must invest today is ​$______? .

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