Question 12 7 pts James 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 $17.500 per month for 25 years, with the first payment received 30 years and one month from now. Second, he would like to purchase a cabin in River Grove in 10 years at an estimated cost of $345.000. Third, after he passes on at the end of 25 years of withdrawals, he would like to leave an inheritance of $2.000.000.00 to his nephew Lennox. He can afford to save $2,350 per month for the next 10 years. If he can earn an EAR of 10% before, he retires and an EAR of 7% after he retires, how much will he have to save each month in years 11 through 30? HTML Editora BIYA - A- IE V O 1 x x TT- 12pt Paragraph