Bernie Long wants to retire to California when she is 60 years of age. Bernie is now
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Bernie Long wants to retire to California when she is 60 years of age. Bernie is now 40. She believes that she will need $900,000 to retire comfortably. To date, Bernie has set aside no retirement money. If Bernie gets 8% compounded semi-annually, how much must Bernie invest today to meet her $900,000 goal?
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Calculation of total amount received at the end of the 5 years Future ...View the full answer
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Related Book For 
Fundamentals of Investing
ISBN: 978-0133075359
12th edition
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
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