Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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 Sarah Wiggum would like to make a single investment and have ​$2.0 million at the time of her retirement  in 35 years. She has found a mutual fund that will earn 4 percent annually. How much will Sarah have to invest​ today? If Sarah earned an annual return of 14 ​percent, how soon could she then​ retire?  

If Sarah can earn an annual return of 14 percent​, the number of years until she could retire is________years.  ​(Round to one decimal​ place.)

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