Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings

Homework answers / question archive / Present Value

Present Value


Present Value. Sarah Wiggum would like to make single investment and have $2.3 million at the time of her retirement in 32 years. She has found a mutual fund that will earn 5 percent annually. How much will Sarah have to invest today? If Sarah earned an annual return of 15 percent, how soon could she then retire?


A - If Sarah can earn 5 percent annually for the next 32 years, the amount of money she will have to invest today is $_________



Solving for N - How many years will it take for $510 to grow to $1044.13 if its invested at 9 percent compounded annually?


A-     The number of years it will take for $510 to grow to $1044.13 at 9 percent compounded annually is ____ years. 

Option 1

Low Cost Option
Download this past answer in few clicks

1.94 USD


Already member?

Option 2

Custom new solution created by our subject matter experts