Sarah Wiggum would like to make a single? lump-sum investment and have ?$2.5 million at the time of her retirement in 25 years. She has found a mutual fund that expects to earn 6 percent annually. How much must Sarah invest? today? If Sarah earned an annual return of 18 ?percent, how much must she invest? today?
A. If Sarah can earn 6 percent annually for the next 25 ?years, how much will she have to invest? today? (round to nearest cent)
B. If Sarah can earn 18 percent annually for the next 25 ?years, how much will she have to invest? today? (round to nearest cent)
