(Solution) - Bernie Long wants to retire to California when she is -(2025 Original AI-Free Solution)

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Bernie Long wants to retire to California when she is 60 years of age. Bernie is now 40. She believes that she will need $900,000 to retire comfortably. To date, Bernie has set aside no retirement money. If Bernie gets 8% compounded semi-annually, how much must Bernie invest today to meet her $900,000 goal?