Paul Liles is 50 years old and he decides to set aside a fixed amount of mo every year in a pension plan. He wants to start the plan now and continue until he is 65 years of age (or 15 years). The money accumulated must allow him to receive $3,000 per month, starting one month after his 65th birthday and continuing for 20 years to age 85. If the money is invested at 10 percent, how much does Mr. Liles need to set aside each month to meet his goal? Assume 10 percent discount rate for entire period. 9-15