(cel 7. Bernie Long wants to retire to California when she is 60 years of age. Bernie is now 40. She believes that she will need $900.000 to retire comfortably. To date, Bernie has set aside no retirement money. If Bernie gets 8% com- pounded semiannually, how much must Bernie invest today to meet her $900,000 goal? LU 12-2(2) Summary Practice 7: How much must Bernie invest today to meet her goal? Amount Needed 9,000,000 Use PV Table 12.3* Period Rate PV Factor Used Used Used PV of Amount Desired at End of Period Years Set Rate Compounded $