Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 50 . He believes he will need
$420,000
to retire comfortably. To date, Earl has set aside no retirement money. Assume Earl gets
6%
interest compounded semiannually.
How much must Earl invest today to meet his
$420,000
goal? (Use the Table provided.)
Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount.
◻
Investment