A couple will retire in 30 years; they plan to spend about $65,316 a year in retirement, which should last about 29 years. They believe that they can earn 8 percent interest on retirement savings. How much do they need to have saved in 30 years in order to afford their retirement? Your Answer: Answer Question 10 ( 2 points) A father is planning a savings program to put his daughter through college. His daughter is now 13 years old and he anticipates that he needs to save $55,236 for tuition, books and board when his daughter begins college. The daughter recently received $6,684 from her grandfather's estate which will also be used to help meet the cost of her education. Assume the father wishes to make 5 equal deposits to a money market account paying 8 percent interest compounded annually. He will make his first deposit one year from today and his last deposit the day she starts college. What will his annual deposits be? Your