You are celebrating your 50th birthday this month. You knew that you wanted to have...
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You are celebrating your 50th birthday this month. You knew that you wanted to have a large celebration to celebrate reaching age 50. You are knowledgeable about inflation and interest rates. You projected that you would need about $25,000 to have a grand celebration. So on your 37th birthday you purchased an investment that has 8% interest rates which would give you the $25,000 you need. On your birthday this month you received $25,000 from the investment. Your friend asked you what was your original investment but you could not remember. Calculate the original investment so that you can give your friend this information.
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