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Question Bob Katz would like to save $300,000 over the next 20 years. If Bob knows today that he will be given $100,000 in 15 years as part of an inheritance, how much would Bob still need to save annually over the next 20 years assuming he earns 6% interest? A) $3562 B) $4518 C )$3745 D) $5276

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Question

Bob Katz would like to save $300,000 over the next 20 years. If Bob knows

today that he will be given $100,000 in 15 years as part of an inheritance, how much would Bob still need to save annually over the next 20 years assuming he earns 6% interest?

A) $3562

B) $4518

C )$3745

D) $5276

 
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