Question

1 pts

Lois Smith wants to retire in California when she is 70
years of age. Lois, who is now 50, believes she will need
$400,000 to retire comfortably. To date, she has set
aside no retirement money. If she get an interest rate of
8% compounded semiannually, she will have to invest
(blank) today.
O $38,000
$83,320
O $38,320
O none of the above​

Answer 1

she will go broke in 5 years kid

Explanation:

this is the right answer sir