QuickHelper

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About QuickHelper

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Teaching Since: May 2017
Last Sign in: 353 Weeks Ago, 3 Days Ago
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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    ChevronTexaco Corporation
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Category > Accounting Posted 12 Jun 2017 My Price 10.00

need help with this finance problem

Question description

 

I need this in 1 hour. ONLY the answer.

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?

a. If sarah can earn 4 percent annually for the next 35 years, the amount of money she will have to invest today is $?

Solve the question mark on problem A

 

Answers

(10)
Status NEW Posted 12 Jun 2017 06:06 PM My Price 10.00

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