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Bilbo Baggins wants to save money to meet three objectives. First, he would like to be able to retire 3 0 years from now with

Bilbo Baggins wants to save money to meet three objectives. First, he would like to be able to retire 30 years from now with retirement
income of $32,000 per month for 25 years, with the first payment received 30 years and 1 month from now. Second, he would like to
purchase a cabin in Rivendell in 10 years at an estimated cost of $420,000. Third, after he passes on at the end of the 25 years of
withdrawals, he would like to leave an inheritance of $1,350,000 to his nephew Frodo. He can afford to save $4,100 per month for the
next 10 years. If he can earn an EAR of 10 percent before he retires and an EAR of 7 percent after he retires, how much will he have to
save each month in Years 11 through 30?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
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