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?

$60,449

Explanation:

To find the answer, we use the following formula:

FV = PV (1 + i)^n

Where:

FV = Future value (in this case, the $350,000 Phill believes he will need).

PV = Present value (the value we will find).

i = interest rate

n = number of compounding periods (36 periods in this case, because Phill will save for 18 years, and the interest rate compounds semiannually, so 18 x 2 = 36)

Now, we plug the amounts into the formula:

350,000 = PV (1 + 0.05)^36

350,000 = PV (5.79)

350,000 / 5.79 = PV

60,449 = PV

Thus, Phill ll need to invest $60,449 today, to meet his $350,000 goal.

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; is the sum of all individual demands curves;