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Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 50 . He believes he will need $360,000

image text in transcribed Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 50 . He believes he will need $360,000 to retire comfortably. To date, Earl has set aside no retirement money. Assume Earl gets 8% interest compounded semiannually. How much must Earl invest today to meet his $360,000 goal? (Do not round intermediate calculations. Round your answer to the nearest cent.)

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