You would like to retire at the age of 67. You will start saving when you are 32 which is the age that you are expecting to start working full time. You expect to live until the age of 95. You are planning to spend $8000 per month at the retirement. You think you can earn 6 percent (APR) real rate of return on your investment for the whole period. How much money do you need to save per month during your working life to be able to spend $8000 during your retirement? Assume that your current savings is $0 and you will bequest $200000 to your heirs. $616 $912.85 $939.13 $533.33