Present value sura wiggle would like to make a single investment have 2.2 million at the time of her retirement in 28 years she has found a mutual fund that will earn 7% annually how much will Sarah have to invest today if there are an annual return of 15%

if the annual interest rate is 7%, then you need to invest:

present value = future value / (1 + i)ⁿ

present value = $2,200,000 / (1 + 7%)²⁸ = $330,884.87

if the interest rate is 15%, the you need to deposit a smaller amount:

present value = future value / (1 + i)ⁿ

present value = $2,200,000 / (1 + 15%)²⁸ = $43,942.34

rounding to the nearest thousandth would be 452,000

hey! so 1 (25) out of 4 (100) is 25 so your answer is 25%. it's like quarters!