If Mrs.
Beach wanted to invest a lump sum of money today to have $100,000 when she
retired at 65...

Question

If Mrs.
 Beach wanted to invest a lump sum of money today to have $100,000 when she
 retired at 65 (she is 40 years old today) how much of a deposit would she
 have to make if the interest rate on the C.D. was 5%?

Robert · Accepted Answer

If Mrs. Beach wanted to invest a lump sum of money today to have $100,000 when she retired at 65 (she 
is 40 years old today) how much of a deposit would she have to make if the interest rate on the C.D. was 
5%? 
Solution:

If Mrs. Beach wanted to invest a lump sum of money today to have $100,000 when she retired at 65 (she is 40 years old today) how much of a deposit would she have to make if the interest rate on the...

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