Question: ( Future value ) Sarah Wiggum would like to make a single lump-sum investment and have $2.1million at the time of her retirement in 32

(Future value) Sarah Wiggum would like to make a single lump-sum investment and have $2.1million at the time of her retirement in 32 years. She has found a mutual fund that expects to earn 7percent annually. How much must Sarah invest today? If Sarah earned an annual return of 17 percent, how much must she invest today? Question content area bottom

Part 1

a. If Sarah can earn 7 percent annually for the next 32 years, how much will she have to invest today?

$___enter your response here

(Round to the nearest cent.)

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