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How much must earl invest today to meet

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Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 51. He believes he will need $370,000 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 $370,000 goal? (Do not round intermediate calculations. Round your answer to the nearest cent.)

Reference no: EM131941191

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