(b) Victor and Maria think they will need a total of

$400,000 for a retirement fi nancial nest egg. Therefore, they will need to create an additional sum of $190,000 through new investments. Assuming an annual return of 8 percent, how much do the Hernandezes need to invest each year to reach their goal of $190,000? Use Appendix A.3 or visit the Garman/Forgue companion website.