Dorothy and Thomas have been married for nearly 22 years. They are both 45 years of age and have two children in high school. They are concerned about how to fund their future retirement costs, as well as how to help their children pay for college.Answer the following questions: Assume that Dorothy and Thomas have a combined annual income of $91,600. Also assume that they want to retire at age 67. If inflation-or the annual cost of living-increases by 5% per year, how much will they need to earn at retirement to maintain their current standard of living? (Round answers to 0 decimal place, eg. 5275.) To maintain their current standard of living they need to earn $ e Textbook and Media Thomas is interested in purchasing a second home overlooking a mountain lake. He believes that they should buy this home soon, make payments while they are working, use it for vacations, and move into the house permanently once they retire. If they need a down payment of $35,600, how much should they save annually over the next 7 years? Assume that they can earn 7% on their annual savings. (Round answers to 0 decimal place, e.g. 5275.) They should save $ annually over the next 7 years. e Textbook and Media Dorothy and Thomas's daughter, Margaret, is interested in attending a prestigious college. The annual tuition, plus room and board and other fees, is about $67,600 per year. College costs are increasing at a 4% rate per year. The college typically awards scholarships and grants for applicants with a household income of $91,600 equal to 70% of the total cost of college. Help Dorothy and Thomas determine how much college will cost, based on this information and assuming that Margaret is 15 years of age and will start college at age 18.What will the total cost of college be for Margaret the first year she starts? (Round answers to O decimal place, e.g. 5275.) The total cost of college when Margaret starts will be $ e Textbook and Media