Answer questions 1 through 8 based on retirement funding calculation using the 4-step annuity method. Layla, age 43 , currently earns $95,000. Her wage replacement ratio is 82 percent. She expects that inflation will average 5 percent for her entire life expectancy. She expects to earn 8 percent on her investments and retire at age 67 (full retirement age), possibly living to age 90 . Her Social Security retirement benefit in today's dollars is $15,500 per year, for retiring at full retirement age. Questions 1 through 4: Calculate Layla's capital needed at retirement at age 67 and the amount she must save at the end of each year, assuming she has no current savings accumulated for retirement. Questions 5 through 8: Calculate the present value of her benefits at ages 63,67 . and 70. Answer questions 1 through 8 based on retirement funding calculation using the 4-step annuity method. Layla, age 43 , currently earns $95,000. Her wage replacement ratio is 82 percent. She expects that inflation will average 5 percent for her entire life expectancy. She expects to earn 8 percent on her investments and retire at age 67 (full retirement age), possibly living to age 90 . Her Social Security retirement benefit in today's dollars is $15,500 per year, for retiring at full retirement age. Questions 1 through 4: Calculate Layla's capital needed at retirement at age 67 and the amount she must save at the end of each year, assuming she has no current savings accumulated for retirement. Questions 5 through 8: Calculate the present value of her benefits at ages 63,67 . and 70