Linda Roy received a $205,000 inheritance after taxes from her parents. She invested it at 6.5% interest compounded quarterly for 8 years. A year later, she sold one of her rental properties for $215,000 and invested that money at 5.5% compounded semiannually for 7 years. Both of the investments have matured. She is hoping to have at least $505,000 in 12 years compounded annually at 4.5% interest so she can move to Hawaii.

Future Value of Inheritance Investment: $

Future Value of Rental Property Investment: $

Present Value of Final Investment: $

Future Value of Final Investment: $

Will she meet her goal?

	Yes
	No