Bilbo Baggins wants to save money to meet three objectives. First, he would like to be able to retire $30$ years from now with a retirement income of $$26,000$ per month for $20$ years, with the first payment received $30$ years and $1$ month from now. Second, he would like to purchase a cabin in Rivendell in $10$ years at an estimated cost of $$340,000.$ Third, after he passes on at the end of the $20$ years of withdrawals, he would like to leave an inheritance of $$1,100,000$ to his nephew Frodo. He can afford to save $$2,500$ 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 $30?($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Monthly savings