Question
Bob Katz would like to save $350,000 over the next 25 years.If Bob knows today that he will be given $100,000 in 15 years as
Bob Katz would like to save $350,000 over the next 25 years.If Bob knows today that he will be given $100,000 in 15 years as part of an inheritance, how much would Bob need to save annually over the next 25 years assuming he earns 8% interest?
$2010
$2745
$2424
$1834
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77861671, 978-0077861674
