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Fifteen years ago, Hailey invested $3,700 and locked in an annual interest rate of 8 percent for 30 years (ending 15 years from now). Aidan
Fifteen years ago, Hailey invested $3,700 and locked in an annual interest rate of 8 percent for 30 years (ending 15 years from now). Aidan can make a 15-year investment today and lock in an interest rate of 10 percent. How much money should he invest now in order to have the same amount of money in 15 years as Hailey? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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