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This problem is also asking for the present value of an annuity, where:

\[
PV = PMT \times \left( \frac{1 - (1 + \frac{r}{n})^{-nt}}

How much would you have to invest today to receive $328 per month for 5 years at 6.5% interest compounded monthly?

Learn how to calculate the present value of an annuity where $328 is received per month for 5 years at 6.5% interest compounded monthly. This solution covers important financial concepts like the time value of money and compound interest. Suitable for college students or advanced high school students.

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