Samir is planning to attend 4-years college when he graduates from high school in 8 years from now. He anticipates that he will need $12,000 at the beginning. of each college year to pay for tuition and fees and have some spending money. Samir's dad will deposit $5,000 at the end of each year for the next 8 years in a bank account paying 8% interest. Will there be enough money in the account for Samir to pay for his college expenses? Assume the rate of interest stays at 8% during the college years.