Use the following information to answer questions 10-12 Your friend is celebrating her 25th birthday today and wants to start saving for her anticipated retirement at age 65. She wants to be able to withdraw $6, 500 from her savings account every month for 20 years following her retirement; the first withdrawal will be one month after her 65th birthday. Your friend intends to invest her money in the local credit union, which offers 12 percent interest per year. She wants to make equal annual payments on each birthday into the account established at the credit union for her retirement fund. She will start making these deposits on her 26^th birthday and continue to make deposits until she is 65 (the last deposit will be on her 65^th birthday). How much money does she need to have in her retirement account so that she has enough money for retirement (enough money to receive equal monthly payments of 6, 500 for 20 years)? a. 590, 326 b. 678.967 c. 767, 612 d. 517.917 What is the amount of equal annual payments she needs to deposit into her retirement account (for 40 years from her 26 ^th birthday until her 65^th birthday) so that she can save the total required amount of money for retirement on her 65^th birthday? a. 1003.75 b. 769.56 c. 927.81 d. 823.79 Now assume that your friend expects to receive $45,000 from a family trust fund on her 55^th birthday, which she will also put into the retirement account. In that case, what amount must she deposit annually from age 25 until age 65 to be able to save the required amount at retirement? a. 1131.78 b. 587.36 c. 794.34 d. 912.56