Make single investment, Mary White would like to make a

Make single investment

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Mary White would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found an investment fund that will pay interest at 4% annually. How much will Mary need to invest today? What if Mary were studying finance and learned how to earn a 14% annual return? How soon could she retire?

Reference no: EM131188385

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Make single investment : Mary White would like to make a single investment and have $2 million at the time of her retirement in 35 years. She has found an investment fund that will pay interest at 4% annually. How much will Mary need to invest today? What if Mary were studyi..

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