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Business, 20.07.2020 21:01 lil2524

Phil Nelson wants to retire in Hawaii when he is 66 years old. Phil is now 48. He believes he will need $350,000 to retire comfortably. To
date, Phil has set aside no retirement money. Assume Phil could
invest at 5% compounded semiannually. How much must Phil invest
today to meet his $350,000 goal?

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Answers: 2

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