Suppose you have three goals in your financial planning for
saving money. First you would like to be able to retire in 25 years
from now with a retirement income of $10,000 (today’s dollars) per
month for 20 years. Second, you would like to purchase a vacation
home in Sedona in 10 years at an estimated cost of $500,000
(today’s dollars). Third, assuming you will live until your life
expectancy, say 20 years after your retirement, you would like to...