Bllbo 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 $24,000 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 15 years at an estimated cost of $638,000. Third, after he passes on at the end of the 25 years of withdrawals, he would like to leave an inheritance of $650,000 to his nephew Frodo. He can afford to save $2,000 per month for the next 15 years. If he can earn a 10 percent EAR before he retires and a 8 percent EAR after he retires, how much will he have to sove each month in Years 16 through 30 ? Multiple Choice $6,435.93 $6,567.28 $6.698.62 $7.834.27 $7.476.44 A 15 -year annuity of thirty $10,000 semiannual payments will begin 11 years from now, with the first payment coming 11.5 years from now. a. If the discount rate is 9 percent compounded monthly, what is the value of this annuity 7 years from now? b. What is the current value of the annuity