Question 8 Jill has a balance of $784,000 in her retirement savings account. She expects to retire in 8 years. She will not save any additional money until she retires, but what she has in savings now will earn 5% for the next 8 years Bob has a balance of $315,000 in his retirement savings and he also wants to retire 8 years from now. He plans to save money every year for the next 8 years so that he will have exactly as much money as Jill does 8 years from now. if he earns the same rate on his savings as Jill, how much will he have to save each year for 8 years to catch up with Jill? Round your answer to 2 decimal places, for example 1000.12. 1 pts Question 9 Jeff has $315,000 in his savings account now. He plans to retire 7 years from now, and he wants to have an income of $5,336 per month for 25 years after he retires. He earns 6% APR on his savings How much will Jeff have to save each month for the next 7 years to have enough to meet his income goal when he retires? Round you answer to 2 decimal places, for example 1000.12