25 7a. Kevin Kirsch has asked you to assist him in setting up a plan to accumulate savings for retirement. Shown below is some information that Kevin has provided. Review the Mel Rich example in the text book. Age at beginning of savings term: Estimated age at retirement: 65 What is the length of savings term: Estimated age of death: What is the length of retirement term: Projected MONTHLY withdrawal to be made during retirement: $5,000 Estimated rate of return during saving term: 12% annually Estimated rate of return during retirement: 6% annually 85 Your Task: Compute the amount that Kevin needs to save each MONTH until he retires, which will allow him to make the desired withdrawals during retirment. For time of payments in the fund and withdrawals from the fund, use END. Retirement 00000 Work-Earn-Save