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(Future Value) Sarah Wiggum would like to make a single investment and have $2 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 were a finance major and learned how to
earn a 14 percent annual return, how much would she have to invest today?

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  • 1. (Future Value) Sarah Wiggum would like to make a single investment and have $2 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 were a finance major and learned how to earn a 14 percent annual return, how much would she have to invest today?