How much of that total is interest

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Reference no: EM13167864

You wish to have $500,000 saved up in 30 years. Assuming that you can get an interest rate of prime + 5% on your investment (compounded quarterly.)

a) How much do you need to invest today to have $500,000 30 years in the future?

b) How much of that total is interest?

Reference no: EM13167864

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