How much additionally would he need to deposit annually, Financial Management

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How much additionally would he need to deposit annually

Barry Cuda would like to save $210,000 over the next 20 years. He will assume that his account will earn 6% annually. If Barry knows today that he will be given $75,000 in 15 years as part of an inheritance, how much additionally would he need to deposit annually over the next 20 years to reach his $210,000 goal?

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Financial Management: How much additionally would he need to deposit annually

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