Question: Q 9 . Save X dollar a month until retirement so that you can withdraw $ 1 0 0 , 0 0 0 lump sum

Q9. Save X dollar a month until retirement so that you can withdraw $100,000 lump sum when you retire (i.e., stop working) at the age of 80 to travel around the world in 80 days (you are a fan of Jules Verne) and also withdraw $7,500.00 at the end of every month for 15 years after you retire at 80. No money will be left in your saving account after you withdraw the last $7,500 at the end of 15 years (at 95 years old). You are 30 years old now and you will retire at 80. Your saving account yields 18.5% per year compounded monthly. What is X ?
Q 9 . Save X dollar a month until retirement so

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