How much money should I invest at an annually compounded interest rate of $5\%$  so that I have $\$500,\!000$ in ten years?  Express your answer as a dollar value rounded to the nearest cent.
Question:
How much money should I invest at an annually compounded interest rate of $5\%$  so that I have $\$500,\!000$ in ten years?  Express your answer as a dollar value rounded to the nearest cent.
Answer:
Let's think step by step.

user
\$306,\!956.63
How much money should I invest at an annually compounded interest rate of $5\%$  so that I have $\$500,\!000$ in ten years?  Express your answer as a dollar value rounded to the nearest cent.
train