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Marcia Gadzera wants to retire in San Diego when she is 65 years old. Marcia is now 50 and believes ...

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Marcia Gadzera wants to retire in San Diego when she is 65 years old. Marcia is now 50 and believes ...

Marcia Gadzera wants to retire in San Diego when she is 65 years old. Marcia is now 50 and believes she will need $90,000 to retire comfortably. To date, she has set aside no retirement money. If she gets interest of 10% compounded semiannually, how much must she invest today to meet her goal of $90,000?

Note: Round your answer to the nearest cent.

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Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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