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 4 percent annually for the next 35 years, the amount of money she will have to invest today is Round to the nearest cent

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A: Using formulae, Future Value =Present Value * (1+rate)^n Where n = no. of years till end

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A: a) The computation of future value of annuity: Hence, the future value of annuity is $3,211,584.

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Q: our sister turned 35 today, and she is planning to save Php7,000 per year for retirement, with the…

A:

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A: Given:

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A:

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