Homework Help: Business Math

Posted by vivian on Wednesday, May 18, 2011 at 9:55pm.

Earl wants to retire to San Diego when he is 65, he is now 50. He will need $300,000.00, how much would he have to invest today @6% interest compounded semiannually to meet his goal?

Business Math - Reiny, Wednesday, May 18, 2011 at 10:50pm
Amt(1.03)^30 = 300000

solve for Amt

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