Arizona State University FIN FIN MISC Bob Katz would like to save $300,000 over the next 20 years.If Bob knows today that he will be given $100,000 in 15 years as part of an inheritance,

Arizona State University FIN FIN MISC Bob Katz would like to save $300,000 over the next 20 years.If Bob knows today that he will be given $100,000 in 15 years as part of an inheritance,

Bob Katz would like to save $300,000 over the next 20 years. If Bob

knows today that he will be given $100,000 in 15 years as part of an inheritance, how much would Bob still need to save annually over the next 20 years assuming he earns 6% interest?
A) $3562
B) $4518
C )$3745
D) $5276

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