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Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 49. He believes he will need $470,000 to

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Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 49. He believes he will need $470,000 to retire comfortably. To date, Earl has set aside no retirement money, Assume Earl gets 10% interest compounded semiannually. How much must Earl Invest today to meet his $470,000 goal? (Use the Toble provided.) (Do not round Intermediate calculations. Round your answer to the nearest dollar amount.) Investment Pored 2 2 4 5 0 VD Present value interest factor of $1 per period at i% for n periods, PVIF(n). 09 1 0 15% 20N 25% 3.0 3.5% 40N 50% 556 6.01 6 70% ION 0.98529804 0.0756 097013 0.9662 0.9615 0.9560 20 0.9524 0.0479 09434 0.9300 06 090020025901212 0.9350 0.9901 0.5% TOU 09174 0913200091 O 01 09103 09707 0.9612 0.95180.9428 09335 09240 09157 09070 0.8985 0.0300 0817 01714 0.163 0.53 0.84 08417 00051 0.0706 0.9563 09423 0920 09151 09019 088 08763 0.3538 0.8516 0.19 0.17 0.0103 03050 079000 7200 712 07 O 0002 09010 00472 0 000 ORAS 09714 O 01227 072 0.70210 07029 0740 0.750 0.736 0700 000 0.9754 0.9515 0.9233 0 0057 0.0030 0.8620 0.0420 01210 00025 07835 0.7051 07873 07299 07130 0.00 0.0006 0001400 085340 0905 0.0020 0.9145 ORO 0.0023 0.01375 08135 07903 0.767007462 0.7259 07050 0.6053 0.0663 0.6400 0.6300 050 500 5 097 09327 09010 0.870508413 08131 0786007599 07341 07107 06074 06551 05435 06221 06028 5835 3564 a70 529 0511 00609 09235 0 177 08535 08201 0.7094 0.750007307 07032 05760 OSTO 0.6274 0.0002 05170 0.50 0.500 5201 010 04 05 09561 0.9143 0874608368 0 8001 07664 0.7337 07026 06729 0.5446 0.6175 05919 0.5574 0569 0.5216 05002 0.799 10400 00441 09512 0.0053 0 3617 0 0.203 0.781207441 7000 0.66 06439 05139 05054 05584 0.57 0.5033 044264012 0.024 0.40:18 NIE 7 01 10 WEVEM

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