29 and 30

30 29 (1 point) Cole wants to have $3,000,000 saved by the time he retires, which is in 50 years. He can invest his money in a portfolio that is estimated to earn 9% per year. He has no money saved today but would like to start investing starting at the end of this month. How much does Cole need to invest each month? 33 A/ 36 8 39 Question 30 (1 point) A typical lunch costs $8 today. If inflation will be 3.5%, assuming the price of lunch only increases with inflation, how much will one lunch cost in 50 years? A/ Question 31 (1 point) When Rebecca was born she received $1.5mm