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SSUME that in 2 5 years you will need $ 5 0 0 , 0 0 0 for your retirement ( i . e .

SSUME that in 25 years you will need $500,000 for your retirement (i.e. retirement is actually 25 years away, and you want to have saved $500,000). How much money would you have to put into a bank today to accumulate this if your money will earn 13.0% per year (assume annual compounding)? Answer to the nearest dollar (i.e. units of dollars with no decimals).

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