How much ahmed should invest today to meet the goal

Reference no: EM132723290

Problem 1: Ahmed wants to retire when he is 60 years old. He is aged 40 now. He believes that he will require RO 70,000 to retire comfortably. If Ahmed gets 7% interest compounded semi-annually, how much Ahmed should invest today to meet the RO 70,000 goal?

Reference no: EM132723290

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