All the information is within the attachment. For this assignment, I need all work shown and done in excel. Please provide me with the correct answer.

John Adams is the CEO of a nursing home in San Jose. He is now 50 years old and plans to retire in 10 years. He expects to live for 25 years after he retires, that is, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $40,000 has today (he realizes that the real value of his retirement income will decline year by year after he retires). His retirement income will begin the day he retires, 10 years from today, and he will then get 24 additional annual payments. Inflation is expected to be 5 percent per year for 10 years (ignore inflation after John retires); he currently has $100,000 saved up, and he expects to earn a return on his savings of 8% per year, annual compounding. To the nearest dollar, how much must he save during each of the next 10 years (with deposits being made at the end of each year) to meet his retirement goal? (Hint: the inflation rate 5 % per year is used only to calculate desired retirement income.) John Adams is the CEO of a nursing home in San Jose. He is now 50 years old and plans to retire in 10 years. He expects to live for 25 years after he retires, that is, until he is 85. He wants a fixed retirement income that has the same purchasing power at the time he retires as $40,000 has today (he realizes that the real value of his retirement income will decline year by year after he retires). His retirement income will begin the day he retires, 10 years from today, and he will then get 24 additional annual payments. Inflation is expected to be 5 percent per year for 10 years (ignore inflation after John retires); he currently has $100,000 saved up, and he expects to earn a return on his savings of 8% per year, annual compounding. To the nearest dollar, how much must he save during each of the next 10 years (with deposits being made at the end of each year) to meet his retirement goal? (Hint: the inflation rate 5 % per year is used only to calculate desired retirement income.) Equivalent purchasing Power of today amount Inflation rate Equivalent Purchasing power of taday amount of n = 10, ,I = 5% Currently he has We will find out its Future value PV N I/YR PMT FV John Adams now want to have payments of $65,155.79 per year for 25 years. with the first payment at the beginning of the first retirement year.Therefore , we will find out the present value of the PMT of $65,155.79 N I/YR PMT FV PV Therefore the shortage of the amount is ( 751,165.35 -215,892.50) It requires annual savings for next 10 years of PV N I/YR FV PMT Therefore , he must save $36,949.61 for each of the next 10 years for reaching the goal. w 50 years old er he retires, s the same realizes that ars from on is expected etires); he on his savings much must he at the end of % per year is 40000 5% 65156 100000 -100000 10 8.00% 0 $215,892 year for 25 years. year.Therefore , we will find 25 8.00% -65156 0 $751,165 $535,272.85 10 8.00% (535,272.85) 36,950 years for reaching the goal