One of the things on your to-do list is to travel around the world for three years when you are 40 years old. You are 25 years old now and your invested money earns 2% per month. You estimate that an amount of $30,000 per year, in terms of today's dollars, will be you expenses per year for three years. These expenses are estimated to increase at an annual rate of 5% due to inflation. Determine the monthly deposits that you must make until you reach 40 years old. Assume that the first deposit will be made at the end of the first month from now and that deposits will continue until your age is 40. You are going to start traveling when you turn 40 years old. $30k $30k $30k 0 1 15 16 17 A A A= One of the things on your to-do list is to travel around the world for three years when you are 40 years old. You are 25 years old now and your invested money earns 2% per month. You estimate that an amount of $30,000 per year, in terms of today's dollars, will be you expenses per year for three years. These expenses are estimated to increase at an annual rate of 5% due to inflation. Determine the monthly deposits that you must make until you reach 40 years old. Assume that the first deposit will be made at the end of the first month from now and that deposits will continue until your age is 40. You are going to start traveling when you turn 40 years old. $30k $30k $30k 0 1 15 16 17 A A A=