How much money should a young married couple invest now at a(n)6% annual rate if they want to have $100,000 in the bank when they reach retirement age in 40 years? Use the formula: $$P = A ( 1 + i ) ^ { - n }$$ where P is the amount of money to be invested at an annual rate i (expressed as a decimal)in order to have $ A in n years. Round your answer to the nearest integer. $ __________

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The Answer of How much money should a young married couple invest now at a(n)6% annual rate if they want to have $100,000 in the bank when they reach retirement age in 40 years? Use the formula: $$P = A ( 1 + i ) ^ { - n }$$ where P is the amount of money to be invested at an annual rate i (expressed as a decimal)in order to have $ A in n years. Round your answer to the nearest integer. $ __________

How Much Money Should a Young Married Couple Invest Now P=A(1+i)−nP = A ( 1 + i ) ^ { - n }P=A(1+i)−n

How Much Money Should a Young Married Couple Invest Now $P = A ( 1 + i ) ^ { - n }$