Dreamer wants to save money to meet three objectives.

Mr. Dreamer wants to save money to meet three objectives. First, he would like to be able to retire 30 years from now with a retirement income of $12,000 per month for 15 years, with the first payment received 30 years and 1 month from now. Second, he would like to purchase a cabin in Colorado in 12 years at an estimated cost of $250,000. Third, after he passes on at the end of the 15 years of withdrawals, he would like to leave an inheritance of $400,000 to his two grandchildren. He can afford to save $1,750 per month for the next 12 years. If he can earn an 9.0% EAR before he retires and a 8.0% EAR after he retires,