Bibo Baggins wants to save money to meet three objectives. First, he would like to be able to totire 30 yoars from now with retirement income of $26,000 per month for 20 years, with the first payment received 30 years and 1 month from now. Second, he would ike to purchase a cabin in Rivendell in 15 years of an estimated cost of $557,000. Third, after he passes on at the end of the 20 years of withdrawals, he would like to leave an Inhertance of $500,000 to his nephew Frodo. He can afford to save $1,900 per month for the next 15 years. If he can earn a 9 percent EAR before he retires and a 6 percent EAR after he rotires. how much will he have to save each month in Years 16 through 30 ? Muriple Chaice $10.07063 si. 8830 $906439 $9093.59