Mr. Quoc decides to put aside $500 each month in a savings plan that earns 12% interest p.a., compounded monthly. In 5 years he is expected to receive an inheritance of $20,000 that can also be invested (at 8%, compounded yearly). 1. How much money will Quoc have accumulated 25 years from now? (when he plans to retire) tv If his goal is to retire with $1,500,000 of savings, how much extra does he need to save every month? 1. El cofre are 2