Question: (future value) Sarah Wiggum would like to make a single investment and have $1.6 million at the time of her retirement in 32 years. She

(future value) Sarah Wiggum would like to make a single investment and have $1.6 million at the time of her retirement in 32 years. She has found a mutual fund that will earn 5% annually. How much will Sarah have to invest today? What if Sarah were a finance major and learned how to earn a 17% annual return? How soon could she then retire?

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