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Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 52. He believes he will need $380,000 to
Earl Ezekiel wants to retire in San Diego when he is 65 years old. Earl is now 52. He believes he will need $380,000 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 $380,000 goal? (Use the Table provided.) (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
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