map/index.html?_con=con&external browser=0&launchUn=https%253A%252F%252 6 HW #3 Saved 7 ents 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 $31.000 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 $410,000. Third, after he passes on at the end of the 25 years of withdrawals, he would like to leave an inheritance of $1,400,000 to his nephew Frodo. He can afford to save $3,900 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. 32.16.) 3 02:58:46 Skipped eBook Monthly savings PH Herred