Question 9 (2 points) Listen A couple will retire in 30 years; they plan to spend about $ 126,118 a year in retirement, which should last about 21 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) Listen 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 $ 65,918 for tuition, books and board when his daughter begins college. The daughter recently received $9,028 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 Answer: A