BM.05. EOC Assignment 6 26 Problem 5-73 Retirement and Inflation (Los) A couple will retire in 50 years, they plan to spend pin todays dollars) about $30.000 a year in retrement, which should last about 25 years They believe that they can an 8% interest on retremer savings. The maton rate over the next 75 years expeded to average 5% poinis i savings the couple must set aside? Assume they will discontinue saving when they retre. (Do not round intermediate cakculations Round your answer to 2 decimal places) Real annual savings b. How much do they need to save in nomnal terms in the irst year? (Do not round intermediate calculations. Round your answer t 2decirnal places.) e. How much do they need to save in nominal terms in the tast year? IDo not round intermediate calculations. Round your answer to 2 decimal places.) Nominal savings O Type here to seard