Question: ( 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

(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 32 years. She has found a mutual fund that expects to earn 8% annually. How much must Sarah invest today? If Sarah earned an annual return of 17%, how much must she investtoday?

a. If Sarah can earn 8% annually for the next 32 years, how much will she have to invest today?

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