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Your partner is retiring in five years. It will cost $300,000 to purchase her interest....

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Accounting

Your partner is retiring in five years. It will cost $300,000 to purchase her interest. If you invest $200,000 now, earning 6% compounded annually, what amount you will you have in five years? **********NOTE:I HAVE 16 MINUTES*****

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Your partner is retiring in five years. It will cost $300,000 to purchase her interest. If you invest $200,000 now, earning 6% compounded annually, what amount you will you have in five years? Please use the following format for your answer $XX,XXX,XXX.XX

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