please solve this Sarah Wiggum would like to make a single...
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Sarah Wiggum would like to make a single investment and have $1.7 million at the time of her retirement in 40 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest today? If Sarah invests that amount and could earn a 13 percent annual return, how soon could she retire, assuming she is still going to retire when she has $1.7 million? Click on the table icon to view the PVIF table To have $1.7 million at retirement, the amount Sarah must invest today is $ (Round to the nearest cent.) If Sarah invests that same amount and earn a 13% annual return, she could retire in approximately years. (Round to one decimal place.)
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