Bob Katz would like to save $350,000 over the next 25 years.

Bob Katz would like to save $350,000 over the next 25 years..

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

Bob Katz would like to save $350,000 over the next 25 years.