7. Given your answer in Q7 and assuming they live until they are 92 years old, how much do they need at retirement in their retirement account? And how much do they need to save per month to achieve the goal? Answer this question in two scenarios. Case 1: Growing annual income, where the annual income is growing at the inflation rate; 2 Flexible annual income, where annual income is adjusted for inflation as well as some extra funds. The extra funds are $120,000 per year for the first three years for travel expenses, and for the final two years extra medical expenses that is equal to 50% of the regular income of the year. Note also the investment yield will be 8.2% before retirement, which will be lowered to 5.4% during retirement. Note that annal income must be paid at the beginning of the year! To these ends, how much the Halls need to save a month for 7. Given your answer in Q7 and assuming they live until they are 92 years old, how much do they need at retirement in their retirement account? And how much do they need to save per month to achieve the goal? Answer this question in two scenarios. Case 1: Growing annual income, where the annual income is growing at the inflation rate; 2 Flexible annual income, where annual income is adjusted for inflation as well as some extra funds. The extra funds are $120,000 per year for the first three years for travel expenses, and for the final two years extra medical expenses that is equal to 50% of the regular income of the year. Note also the investment yield will be 8.2% before retirement, which will be lowered to 5.4% during retirement. Note that annal income must be paid at the beginning of the year! To these ends, how much the Halls need to save a month for