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Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 55. He believes he will need $410,000 to
Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 55. He believes he will need $410,000 to retire comfortably. To date, Earl has set aside no retirement money. Assume Earl gets 4% interest compounded semiannually. How much must Earl invest today to meet his $410,000 goal?
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