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Bob Katz would like to save $ 1 5 0 , 0 0 0 over the next 1 5 years. If Bob knows today that

Bob Katz would like to save $150,000 over the next 15 years. If Bob knows today that he will be given $60,000 in 8 years as part of an inheritance, how much would Bob need to save annually over the next 15 years assuming he earns 5% interest?

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