Retirement Planning with gift

A couple thinking about retirement decide to put aside $26,500 each year in a savings plan that earns 6.60% interest. In 8 years they will receive a gift of $184,500 that also can be invested.

a.	How much money will they have accumulated 18 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Accumulated savings

$

b.	If their goal is to retire with $1,358,203 of savings, how much extra do they need to save every year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Additional savings

$ per year