Debbie has just celebrated her 25th birthday. On her way home from the Easter Holiday celebrations in Limpopo, she was nearly involved in an accident on the N1 highway to Johannesburg. It was at this point that she realised that she needs to save up for her retirement at the age of 55. She currently has no savings available. When Debbie retires, she wants to buy a cattle farm in KwaZulu-Natal (KZN) that will be valued at R3 500000 in 30 years. She also wants to receive R42 000 per month for the rest of her life. She wants to make monthly payments (starting a month after her birthday) for the next 30 years into an investment account that earns 14,15% p.a., compounded annually.

Calculate the monthly payments that Debbie must invest for the next 30 years by completing the tables below. Assume the interest rate is the same for both retirement goals.