Thurston wants to retire in nevada when he is 80 years of age. thurston, who is now 55, believes he'll need $400,000 to retire comfortably. to date, he has set aside no retirement money. to get an interest rate of 6% compounded annually, he'll have to invest today. using the tables found in the textbook, determine how much he must invest. a. $96,500 b. $69,900 c. $93,200 d. $92,300

The amount he must invest is $93200

Step-by-step explanation:

We are given

Amount is $400000

A=400000

interest rate is 6%

r=0.06

t=80-55=25 years

P is amount to be invested

we can use formula

now, we can plug values

admin for giving such valuable information through your article . your article is much more similar to   word unscramble tool because it also provides a lot of knowledge of vocabulary new words with its meanings.