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Retirement Planning with gift A couple thinking about retirement decide to put aside $ 1 6 , 0 0 0 each year in a savings

Retirement Planning with gift
A couple thinking about retirement decide to put aside $16,000 each year in a savings plan that earns 5.70% interest. In 6 years they will receive a gift of $199,000 that also can be invested.
a. How much money will they have accumulated 26 years from now? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Accumulated savings
$3649924.77
b. If their goal is to retire with $1,562,648 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
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