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How soon could she then? retire

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Sarah Wiggum would like to make a single investment and have ?$1.9 million at the time of her retirement in 25 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 25 ?years, the amount of money she will have to invest today is ?$ ?(Round to the nearest? cent.)

Reference no: EM132420450

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