Samkelo and Amara now have relatively good income and earn together $$100,000/$year$.$ They believe that in retirement, they will be able to live on $$75,000/$year$.$ Samkelo and Amara now have relatively good income and earn together $$100,000/$year$.$ They believe that in retirement, they will be able to live on $$75,000/$year$.$ The inflation rate is $3\%.$Samkelo and Amara are now $28$ years old and plan on retiring at age $65.$The Hopefuls feel that they need to provide for $25$ years of retirement.Using the above information calculate the following $($using formulas if necessary$)$:Present desired annual income $($A$)$Present desired annual income $($A$)$Desired retirement annual income $($B$)$Annual Income adjusted for inflation $($C$)$Determine the amount of money that will need to have in personal savings $($D$)$Determine the total fund required $($E$)$Determine the monthly amount that the Hopefuls will need to save while they are working $($F$)$