Ignore income taxes in this problem.) At an interest rate of 5%, approximately how much would you need to invest today if you wanted to have $500,000 in 6 years? Do not use dollar or percentage signs.   If the answer is a negative number, enter with a minus sign in front. Please solve and show work

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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(Ignore income taxes in this problem.) At an interest rate of 5%, approximately how much would you need to invest today if you wanted to have $500,000 in 6 years?

Do not use dollar or percentage signs.   If the answer is a negative number, enter with a minus sign in front.

Please solve and show work

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