Show all work. Label and clearly explain your answer. This is very important. 1) You must explain how you arrived at your answer in order to get full credit. 2) If you do show your work, and your answer is wrong, you can still earn a substantial amount of credit depending on how serious the error is. 3) If your answer is wrong, and you don't show your work, you will get a zero. Lycaon Pictus wishes to study painting in Paris and is saving money to enroll in art school. Lycaon wishes to enroll in art school two years from now. He estimates that art school will cost $1,111 per month for three years. Assume that the first expenditure of 1,111 will occur 24 months from now, and the final one will be sixty months from now). Lycaon currently has $9000 already saved. How much additional money must Lycaon save each month (starting in one month from now, and ending in 23 months from now) to be able to have enough cash to pay for his studies? The monthly interest rate is 0.4167%